TUSD: A Dollar Stablecoin Emphasizing Transparency
TUSD (TrueUSD) is a common dollar stablecoin in the cryptocurrency market, simply put, it strives to maintain a value of 1 dollar, making it easier for everyone to avoid significant price fluctuations when trading in the crypto space.
Launched in 2018 by TrustToken (later renamed Archblock), TUSD's core selling point is its high transparency. Each TUSD claims to have a real reserve of 1 dollar backing it and supports direct redemption for cash. How does it work? Users can deposit dollars into the custodial account of partner banks, and the system will mint an equivalent amount of TUSD; conversely, to exchange back for dollars, one can burn TUSD to withdraw cash. The reserves are audited daily by a third-party accounting firm (like Moore Hong Kong) and are also verified on-chain with Chainlink, ensuring that everyone can check the reserve status in real time. This level of openness is more transparent than some established stablecoins and has attracted many compliance-focused individuals.
TUSD operates on multiple chains, such as Ethereum, TRON, and BSC, with low transaction fees, and it can be purchased on major exchanges like Binance and Huobi. Many people use it for DeFi lending, cross-chain transfers, or simply as a safe haven for parking.
By the end of 2025, its market capitalization is expected to be around 500 million dollars. Although it is much smaller than USDT and USDC, its liquidity is decent. However, TUSD is not without issues; there have been instances of de-pegging, reserve disputes, and even an SEC investigation regarding misleading promotions by the former team, as well as Justin Sun providing liquidity support. Due to new regulations in Europe, some platforms have delisted TUSD.
Overall, it is suitable for users seeking an extra layer of transparent protection, but there are still risks. No matter how stable a stablecoin is, it depends on the issuer and the market environment. If you are a beginner looking to try a stablecoin, TUSD is a good choice, but don't put too much money into it; spreading it into USDC would be safer.
$TUSD
{spot}(TUSDUSDT)