TrueUSD (TUSD) 1-Day Volume Tops $138.13 Million

TrueUSD (CURRENCY:TUSD) traded up 0.1% against the U.S. dollar during the 1 day period ending at 23:00 PM ET on January 14th. TrueUSD has a market capitalization of $1.44 billion and $138.13 million worth of TrueUSD was traded on exchanges in the last day. During the last week, TrueUSD has traded 0.1% higher against the U.S. dollar. One TrueUSD coin can now be bought for approximately $1.00 or 0.00002330 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

  • Polygon (MATIC) traded up 3.2% against the dollar and now trades at $2.35 or 0.00005460 BTC.
  • Binance USD (BUSD) traded down 0.2% against the dollar and now trades at $1.00 or 0.00002326 BTC.
  • Polygon (MATIC) traded flat against the dollar and now trades at $2.00 or 0.00003275 BTC.
  • Chainlink (LINK) traded up 2.9% against the dollar and now trades at $25.93 or 0.00060374 BTC.
  • Crypto.com Coin (CRO) traded 0.5% lower against the dollar and now trades at $0.46 or 0.00001069 BTC.
  • Dai (DAI) traded 0% lower against the dollar and now trades at $1.00 or 0.00002328 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • Fantom (FTM) traded down 2.8% against the dollar and now trades at $2.89 or 0.00006732 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.

TrueUSD Coin Profile

TrueUSD (CRYPTO:TUSD) is a coin. Its launch date was March 31st, 2018. TrueUSD’s total supply is 1,438,054,099 coins. TrueUSD’s official Twitter account is @TrustToken. The official website for TrueUSD is www.trusttoken.com.

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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TrueUSD using one of the exchanges listed above.

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