True USD
Name
True USD
Summary
True USD (TUSD) is a stablecoin developed by Trust Token that is entirely backed by the US dollar.
-It was founded by Rafael Cosman.
-True USD runs on the Ethereum blockchain and the Binance Chain.
Rating
Symbol
TUSD
Overview
TrueUSD is a fiat-collateralized stablecoin created by the TrustToken platform, which maintains USD funds in third-party escrow accounts without allowing TrustToken direct access. TrueUSD is an Ethereum-based ERC-20 token that has a 1:1 exchange rate with US dollars in bank accounts. TrueUSD is the only stablecoin that provides audits in real-time.
TrueUSD strives to strike a balance between stability and utility, which are the two main use cases for stablecoins, and security, which comes in the form of periodical attestations.
TrustToken, the stablecoin's parent firm, has emphasized the significance of independent verification of the stablecoin's origin since its introduction. As a result, the stablecoin's appeal is oriented toward both major investors and smaller private traders wanting to reduce risk.
Historical Price Movement (in INR)
Technology
TrueUSD uses a proof-of-reserves approach to verify the reserve assets match circulation tokens, Using methods like real-time audits of TUSD's backing and reliability, TrustToken strives to provide utmost transparency.
Aside from trusting the USD peg's legitimacy, any security concerns are the same as those that impact all ERC-20 standard tokens.
Token Allocation
NA
Volume (8th May 2022)
$139,421,015
Total Supply
1344449690
Circulating supply
1.34B TUSD
Crowd Sales
TrustToken has raised a total of $34.2M in funding
Funding
4/08/2021: Venture Round- $12.5M
22/06/2018: Private Equity Round- NA
18/06/2018: Initial Coin Offering- $20M
24/01/2018: Seed Round- $1.7M
8/12/2017: Convertible Note- NA
4/12/2017: Venture Round- NA
Country
USA
Name of Organization
TrustToken Inc.
Year Incorporated
2017
Registered Address
325 9th Street San Francisco, CA 94103 United States
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Jai An | Co-Founder | NA | NA |
| Rafael Cosman | Co-Founder | Stanford University: Bachelor’s Degree, Computer Science | 12 Yrs |
| Stephen Kade | Co-Founder | University of California, Berkeley: Bachelor’s Degree, Neuroscience - Cognitive Science | 11 Yrs |
Whitepaper 
