TrueUSD Price Up 0% Over Last Week (TUSD)

TrueUSD (TUSD) traded down 0.1% against the US dollar during the 1 day period ending at 21:00 PM Eastern on January 24th. One TrueUSD token can now be bought for about $1.00 or 0.00004435 BTC on exchanges. TrueUSD has a market cap of $942.06 million and $39.95 million worth of TrueUSD was traded on exchanges in the last day. Over the last week, TrueUSD has traded up 0% against the US dollar.

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

• Aidi Finance (BSC) (AIDI) traded down 8.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 4.3% lower against the dollar and now trades at $0.0590 or 0.00000261 BTC.
• CareCoin (CARES) traded 4.3% lower against the dollar and now trades at $0.0732 or 0.00000324 BTC.
• OmniaVerse (OMNIA) traded 41.7% lower against the dollar and now trades at $0.0020 or 0.00000009 BTC.
• Kitty Inu (KITTY) traded 4.3% lower against the dollar and now trades at $90.62 or 0.00400651 BTC.
• Lunar (LNR) traded up 5.1% against the dollar and now trades at $0.0286 or 0.00000127 BTC.
• Hokkaidu Inu (HOKK) traded 2.8% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• QANplatform (QANX) traded 4.3% lower against the dollar and now trades at $6,361.15 or 0.28122715 BTC.
• 2G Carbon Coin (2GCC) traded down 0.3% against the dollar and now trades at $135.02 or 0.00596925 BTC.
• Lego Coin (LEGO) traded down 1.3% against the dollar and now trades at $0.0397 or 0.00000176 BTC.

About TrueUSD

TrueUSD’s launch date was March 31st, 2018. TrueUSD’s total supply is 941,814,410 tokens. TrueUSD’s official Twitter account is @tusdio. TrueUSD’s official message board is trueusd.medium.com. The official website for TrueUSD is tusd.io.

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.”

TrueUSD Token Trading

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