TrueUSD (TUSD) Trading Up 0% This Week

TrueUSD (TUSD) traded up 0.1% against the U.S. dollar during the 24-hour period ending at 10:00 AM E.T. on February 1st. TrueUSD has a total market capitalization of $493.90 million and $24.55 million worth of TrueUSD was traded on exchanges in the last day. One TrueUSD token can currently be bought for approximately $1.00 or 0.00001275 BTC on major exchanges. Over the last seven days, TrueUSD has traded up 0% against the U.S. dollar.

Here’s how other cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 10.5% lower against the dollar and now trades at $78,474.12 or 0.99372946 BTC.
• SolvBTC (SOLVBTC) traded down 5% against the dollar and now trades at $77,536.94 or 0.99015065 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About TrueUSD

TrueUSD launched on March 31st, 2018. TrueUSD’s total supply is 494,515,083 tokens. The official message board for TrueUSD is trueusd.medium.com. The official website for TrueUSD is tusd.io. TrueUSD’s official Twitter account is @tusdio.

According to CryptoCompare, “TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said bank accounts are published every day and are subject to monthly audits. If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.Once in the wallet, the tokens can be transferred to a friend or used as payment, combining the advantages of fiat (stability and trust) with those of cryptocurrencies (reduced fees and transfer times). The user can also redeem real US Dollars by sending the TUSD tokens back to the smart contract address, which will notify the trust company, and initiate a bank transfer to the user’s account.”

Buying and Selling TrueUSD

It is usually not possible to buy alternative cryptocurrencies such as TrueUSD directly using US dollars. Investors seeking to trade TrueUSD should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TrueUSD using one of the aforementioned exchanges.

TUSD/USD price chart by TradingView