TrueUSD tusd
What is TrueUSD?
TrueUSD (TUSD) is a fiat-backed stablecoin designed to represent one U.S. dollar on public blockchains. It is intended to give users a dollar-denominated token for trading, transfers, payments, and decentralized-finance applications while retaining blockchain settlement and programmability. CoinGecko lists its launch date as March 5, 2018 and classifies it among stablecoins and fiat-backed USD stablecoins.
TUSD is issued as tokens on several networks, including Ethereum, TRON, BNB Smart Chain, and Avalanche, with bridged versions on networks such as Polygon, Arbitrum, Cronos, Optimism, and Aurora. The same ticker across networks does not mean every token is the same contract or that bridges have identical risks; users should verify the network and contract address before transacting.
TrueUSD's distinguishing product claim is reserve transparency: its website says it deploys daily attestations of underlying reserves by independent third-party institutions, with Moore Hong Kong identified as the accounting firm supporting the attestation process. TrueUSD also says Chainlink Proof of Reserve is used to support reserve visibility and secure minting. These are transparency mechanisms, not a guarantee that market price will always equal one dollar or that holders bear no issuer, banking, regulatory, custody, or smart-contract risk.
What problem does TrueUSD solve?
Cryptocurrency users and applications often need a stable unit of account without leaving a blockchain. Bank dollars are not directly transferable through smart contracts, can involve banking hours and intermediaries, and are not natively usable as liquidity or collateral in decentralized applications. TUSD attempts to provide a dollar-denominated settlement asset that can move on supported networks and be used across exchanges, payments, and DeFi.
A second problem is confidence in a fiat-backed token's reserves and issuance. TUSD addresses this through an issuer-controlled mint-and-redeem process, published reserve information, daily third-party attestations, and on-chain supply and contract visibility. The model remains dependent on the issuer, its banking partners, the quality and timing of attestations, access to redemption, and the operation of each blockchain and bridge; a stated one-to-one backing target is not the same as deposit insurance or a risk-free guarantee.
How does TrueUSD work?
TUSD uses smart contracts to represent balances on supported blockchains. The Ethereum version is an ERC-20 token at 0x0000000000085d4780b73119b644ae5ecd22b376; other native deployments and bridged contracts have different addresses. Token transfers are validated by the host chain, while minting, redemption, and reserve administration are connected to TrueUSD's issuer and banking-partner processes.
For a customer mint, TrueUSD's site instructs the user to create and verify an account, send a wire to a banking partner using instructions in the TrueUSD app, and provide a wallet address. After funds are received and processed, TUSD is minted and transferred to that address. The site says the process is subject to account verification and banking timelines; it specifically notes that ACH and services such as Venmo, PayPal, Revolut, and similar digital-transfer services are not currently accepted.
For redemption, a verified user enters bank details in the app and receives a unique redemption address. The user sends TUSD to that address (the website states a $1,000 minimum), after which the banking partner generally wires fiat to the user's bank account, subject to KYC/AML requirements. Market participants can also trade TUSD on exchanges or use it in DeFi; secondary-market prices may deviate from the target dollar value.
Reserve monitoring is intended to connect token supply with off-chain backing. TrueUSD says daily attestations report reserve status and breakdown, with Moore Hong Kong providing the attestation service, while Chainlink Proof of Reserve supplies an on-chain data component. Attestations are periodic evidence about reported reserves and should not be confused with continuous independent control of funds, a bank-deposit guarantee, or elimination of counterparty and redemption risk.
Key facts
- Ticker: TUSD (TrueUSD)
- Launch date listed by CoinGecko: March 5, 2018
- USD-targeted, fiat-backed stablecoin intended to maintain a 1:1 relationship with the U.S. dollar
- TrueUSD states that it publishes daily reserve attestations by independent third-party institutions; Moore Hong Kong is identified as the attestation provider
- TrueUSD says Chainlink Proof of Reserve supports reserve visibility and minting controls
- Native deployments include Ethereum, TRON, BNB Smart Chain, and Avalanche; bridged deployments include Polygon, Arbitrum, Cronos, Optimism, and Aurora
- Ethereum mainnet contract: 0x0000000000085d4780b73119b644ae5ecd22b376
- TrueUSD's direct mint and redemption flow uses a verified account, banking partner, wire transfers, and KYC/AML procedures
- The official site states a minimum redemption amount of $1,000
- TUSD is not a bank deposit and its dollar target does not remove issuer, banking, regulatory, liquidity, bridge, custody, or smart-contract risks
Official links
Categories
Related coins
Compare
Frequently asked questions
What is TrueUSD (TUSD)?
TUSD is a USD-denominated stablecoin issued as blockchain tokens and designed to maintain a value close to one U.S. dollar. It is used for transfers, trading, payments, and DeFi liquidity or settlement.
What backs TUSD?
TrueUSD states that TUSD is backed by U.S.-dollar reserves on a one-to-one basis and publishes reserve attestations. The claim depends on the issuer's banking and reserve arrangements and should not be treated as a bank-deposit or government-insurance guarantee.
How do I mint TUSD?
A user creates and verifies an account in the TrueUSD app, sends a wire to the designated banking partner, and supplies a wallet address. After the funds are received and processed, TUSD is minted to that address. Availability is subject to the issuer's eligibility, KYC/AML, banking, and jurisdictional requirements.
How do I redeem TUSD for dollars?
A verified user enters bank details in the TrueUSD app, receives a unique redemption address, and sends TUSD to it. TrueUSD's website states a $1,000 minimum redemption and says the banking partner generally wires funds within one business day after successful receipt, subject to KYC/AML and banking conditions.
What are TUSD's main contract addresses?
The Ethereum mainnet TUSD contract is 0x0000000000085d4780b73119b644ae5ecd22b376. TUSD has separate native and bridged contracts on other networks, so users should use the address published on the official TrueUSD site or the relevant block explorer rather than relying only on the ticker.
Is TUSD always worth exactly one dollar?
No. TUSD is designed and marketed to track one U.S. dollar, and primary minting/redemption plus arbitrage can support that target, but secondary-market prices can deviate. Liquidity, banking access, reserve confidence, issuer operations, and market conditions can all affect the price.
What do TUSD attestations prove?
Attestations provide periodic reporting and third-party examination of stated reserve information. They improve transparency but are not the same as continuous real-time control of reserves, deposit insurance, or a guarantee against issuer, banking, legal, custody, or depeg risk.
Which blockchains support TUSD?
The official site lists native TUSD deployments on Ethereum, TRON, BNB Smart Chain, and Avalanche, plus bridged deployments including Polygon, Arbitrum, Cronos, Optimism, and Aurora. Support and contract addresses can change, so users should check the current transparency page.
External trackers
Choose a tracking site for TrueUSD: