TrueUSD (TUSD) Price Today

TrueUSD Key Events

• In January 2018, TrueUSD was introduced through TrustToken, a platform responsible for asset-based tokens. TrueUSD was brought to the market after noticing the difficulties that stablecoins face when creating strong financial links with complete backing.
•  TrustToken formed a partnership with accounting firm Armanino in March 2019 to provide a real-time view of the backing.
• In late 2019, TrustToken, in association with Armanino, launched a stablecoin assurance platform named TrustExplorer. It uses a technology that is blockchain-based to offer a key layer of transparency and trust.
• In May 2022, TrustToken reported more than $1 billion in reserves, which closely matches the TUSD’s circulating supply of US$1.215 billion back then. However, in September 2022, Binance announced that TUSD would be replaced by BUSD stablecoin, resulting in less availability of TUSD than previously.