TrueUSD

TrueUSD, ticker TUSD, is a fiat-backed stablecoin designed to maintain a value of one US dollar at all times, making it useful for anyone who wants to move or store value in digital form without exposure to the price swings common in other digital assets. It was launched on 5 March 2018 and claims to address the trust problem in stablecoins by providing real-time, on-chain attestations from an independent accounting firm confirming that each token in circulation is backed by one US dollar held in reserve. It is intended for individuals and institutions who need a stable unit of account or medium of exchange across blockchain networks.

TUSD is a token that lives on multiple public blockchains simultaneously, including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon, and has no consensus algorithm of its own because it relies on the underlying chains it is issued on. The peg is maintained by a reserve of US dollars held off-chain, with the 1:1 backing verified in real time by a third-party accounting firm and reinforced on-chain through an integration with Chainlink Proof of Reserve, which governs minting. Users can mint or redeem tokens directly for dollars, keeping the circulating supply, reported here as 494,515,083 tokens, tethered to the dollar value of reserves.

The data provided contains no fee stream, revenue figures, or protocol income metrics for TrueUSD, which means fee-based measures such as price-to-fees or revenue multiples are not applicable here and do not appear on this page. The protocol's economic model is not described in the stored data beyond the mechanics of dollar-backed issuance. The stablecoin circulating figure stands at 483,975,121.58 tokens on a point-in-time basis, and the 30-day change in stablecoin supply is recorded as zero, indicating no net expansion or contraction of supply over that period.