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About True USD
TrueUSD is a dollar-pegged stablecoin that publishes reserve attestations and uses independent custodians to hold the dollars backing it. It was among the earlier stablecoins to emphasize regular third-party verification.
How TrueUSD Works
Dollars backing the token are held by third-party custodians rather than by the issuer directly, an arrangement intended to separate reserves from the operating company. Attestations of those holdings are published on a frequent schedule, and the token circulates on several blockchains.
The History of TrueUSD
TrueUSD launched in 2018 from TrustToken and was later acquired by Techteryx. It has been through changes in ownership and in its attestation arrangements, and has at times drawn scrutiny over the visibility of its reserves and minting operations.
What TUSD Is Used For
TUSD is used to hold a dollar balance on-chain and to settle trades, and is supported as a quote asset on a number of venues. It also circulates in DeFi protocols as collateral.
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Why buy True USD with YouHodler? +
YouHodler combines advanced security and encryption with a simple way to buy and sell TUSD, fast crypto transactions, support for multiple fiat currencies, and a platform that works for newcomers and experienced traders alike.
Is True USD a good investment? +
TUSD is built to hold its dollar peg rather than to appreciate, and its custodial structure was an early attempt at stronger reserve separation. It has seen changes of ownership and periodic questions about reserve visibility, and it is less liquid than the leading dollar tokens. Check the current attestations before relying on it.
Can I buy True USD today and sell it tomorrow? +
Yes. YouHodler supports selling as well as buying, so you can acquire TUSD and later exchange it for fiat currencies such as USD or EUR. Transactions settle quickly, major fiat currencies are supported, and withdrawals go out by bank transfer.
Is it safe to buy True USD? +
Buying TUSD is generally safe on a reliable platform like YouHodler, which applies data encryption, identity verification and multi-layer account protection. The asset itself stays highly volatile, so prices can move sharply over short periods.
How do I convert True USD to cash? +
Connect a bank account, debit card or credit card to your YouHodler profile, exchange your TUSD for a fiat currency such as USD or EUR, then withdraw the balance straight to your bank.
How much is $100 worth of True USD right now? +
That depends on the live TUSD price, which moves constantly. Use the price chart on this page to see the current rate and work out exactly how much TUSD $100 buys at this moment.
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