How & Where to Buy TrueUSD (TUSD)

Buying TrueUSD (TUSD) for funds from your bank requires a 2-step process. You're going to buy some BTC or ETH from an exchange that accepts deposits from a debit card or bank account, and then you're going to transfer your newly bought crypto to a marketplace that sells TUSD in exchange for bitcoin or Ether.

Step 1: Buy BTC or ETH at Coinbase

Sign up and purchase bitcoin (BTC) or Ethereum (ETH) at Coinbase.

If Coinbase is not available in your jurisdiction, view our list of exchanges that sell BTC or ETH for Government issued money.

Step 2: Go to a supporting TUSD exchange:

Transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges listed below.

ALL TUSD EXCHANGES

Use TrueUSD: Ways to send & spend TUSD

TrueUSD Price & Information

Current TUSD price and historical price chart

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    Technical Information

    What is TrueUSD?

    TrueUSD (TUSD) is a U.S. dollar (USD)-backed “stable coin,” meaning its value is always pegged to the value of 1 USD. It accomplishes this by being redeemable on demand for $1 in fiat currency, with TUSD holding an equal amount of money in reserve to the number of TUSD tokens currently in circulation. In this way it is comparable to USD Tether (USDT) but instead of using its own blockchain it exists as a token on the Ethereum blockchain. TUSD is the first asset token to be built on the TrustToken platform, which allows anybody to create an asset-backed token that is supervised and accounted for using its verification process and escrow services. Another example of an asset-backed token would be a gold token backed by an equally-valued reserve of gold, or a real estate token backed by an equally-valued piece of property.

    History of TrueUSD

    TUSD was designed by a highly knowledgeable team from several leading academic institutions, primarily with the idea of creating a competitor to Tether (USDT), the only other USD-backed stable coin available for cryptocurrency traders. Seeing that Tether already had a market capitalization of over $2 billion and sometimes subject to criticisms of its method of accounting, TUSD was developed to give traders a reliable alternative when choosing a stable coin.

    How TrueUSD Works

    Similar to Tether, TUSD is backed by a reserve of U.S. dollars and may be cashed out for real dollars at any time. As an Ethereum-based token, TUSD uses multiple escrow accounts to insure that the funds by which it is backed are protected against counterparty risk, and to give token holders legal protection against misappropriation of reserve funds. It is also subject to regular, open audits to verify that the amount of dollar reserves on hand equals the amount of TUSD in active circulation. These factors give it an extra layer of stability and security as a currency-pegged coin, making it a trustworthy option for those who want to cash out their cryptocurrencies without having to move directly into fiat.

    Why TrueUSD?

    As an Ethereum-based token, TUSD not only enjoys the stability and security of the Ethereum network, but also several other features not associated with most other cryptocurrencies. Some of these include:

    Stability. By being pegged to the value of $1 USD, TUSD can help traders avoid the volatility of BTC, ETH and other cryptocurrencies by enabling them to quickly move in and out of their cryptocurrency positions without the hassle of actually having to cash out to fiat currency.

    Ethereum-based token. TUSD not only enjoys the speed and security of the Ethereum blockchain but as an ERC20-compliant token it can easily be traded with other Ethereum tokens on DEXs or centralized exchanges and be kept in most Ethereum wallets as well.

    Worldwide accessibility. Since many countries restrict the flow of fiat currency in and out of the borders, TUSD gives people worldwide access to the stability of the dollar without actually having to go through heavily-regulated intermediaries

    Accountability. TUSD employs a large, verifiable team of independent escrow services, as provided by the TrustToken platform, to assure that its operations are legitimate and that users are not at risk of misappropriation of reserve funds.

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