Introduction to TUSD and Its Key Features
TrueUSD (TUSD) is a stablecoin pegged 1:1 to the U.S. dollar, designed to provide price stability to the cryptocurrency market. It is known for its high level of transparency and compliance and was one of the first stablecoins to introduce daily reserve proofs from independent third-party auditors, ensuring that its U.S. dollar reserves exactly match the number of tokens in circulation.This mechanism is designed to enhance market trust and reduce counterparty risk.
TUSD was originally issued by TrustToken and transferred ownership to the Asian consortium Techteryx in December 2020, a move that granted it independent financial and operational resources.TUSD supports multiple mainstream blockchain networks, including Ethereum, Tron, Binance Smart Chain (BSC), Avalanche, Fantom, Polygon, Arbitrum, and Cronos, among others, which greatly enhances its accessibility and utility across various DeFi ecosystems.
TUSD Issuance and Supply Mechanism
TUSD’s supply mechanism is dynamic, with no cap on its maximum supply. This means that when users purchase TUSD with U.S. dollars, new tokens are minted; conversely, when users redeem TUSD, the corresponding tokens are burned.This elastic supply mechanism ensures that TUSD can scale according to market demand while maintaining a 1:1 peg to the U.S. dollar.
As of the time of publication on September 13, 2026, TUSD’s circulating supply was approximately 490 million to 500 million tokens.Specifically, platforms such as CoinLore show its circulating supply at approximately 494.5 million TUSD, with a circulating market capitalization of approximately $494 million to $494.23 million.Historical data shows that TUSD’s supply has experienced significant growth; for example, in March 2023, the circulating supply reached approximately 2 billion, and in June 2023, it surpassed 3 billion.
On which exchanges can TUSD be purchased?
As a mainstream stablecoin, TUSD is widely supported on numerous global cryptocurrency exchanges and DeFi protocols. Users can buy and trade TUSD on some of the following well-known centralized exchanges:
- Binance: Binance is one of the primary trading platforms for TUSD and drove significant growth in TUSD’s circulating supply in 2023.
- KuCoin
- Bybit
- Gate.io
- Crypto.com
- MEXC Global
- WhiteBIT
In addition, since TUSD is issued on multiple EVM-compatible chains, users can also connect Web3 wallets such as MetaMask to trade on decentralized exchanges (DEXs) that support TUSD.Before conducting any transactions, users are advised to check the latest prices and project information on market data platforms such as Svmuu, and to independently verify the listing status and liquidity of their chosen trading platform.
Transparency and Compliance
TUSD has taken proactive measures regarding transparency; it is the first USD-pegged stablecoin to provide daily proof of reserves issued by an independent third-party organization. Since March 2019, TUSD has partnered with the accounting firm Armanino to provide a real-time view of its U.S. dollar reserves.In December 2023, TUSD further partnered with the leading accounting firm MooreHK to continue providing fiat reserve verification services. These measures aim to ensure the authenticity and adequacy of its reserves, thereby instilling confidence in users.
