TrueUSD

TrueUSD (TUSD)

Full information about TrueUSD (TUSD). Current TrueUSD price in GEL, TUSD open/close rates, TrueUSD history charts, TrueUSD market capitalization and volume.

1 TUSD = 2.73 ლ Georgian Lari (GEL)
0.9978263 GEL

Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago 1 USD = 2.740391 GEL

During last hour the price of TrueUSD (TUSD) has moved by arrow_upward0.000000 %. The highest price was . The lowest price - . During last day TrueUSD price has moved by arrow_downward-0.060 %. Trading starts from . During yesterday the highest price was and the lowest price was . Trading closed with the price . One year ago price of TUSD was and during this time before today the lowest price fixed on and the highest price fixed on . The maximum price of TrueUSD was
General information
Global rank:125
Name: TrueUSD TrueUSD
Symbol:TUSD
Current coin price (GEL):2.73 ლ
Last hour:arrow_upward0.000000 %
Last 24 hours:arrow_downward-0.060 %
Last 7 days:-0.120 %trending_down
Capitalisation (GEL):1 355 189 793.02 ლ
Volume 24h (GEL):91 815 120.60 ლ
Available supply:495 601 553.00 TUSD
Total coin supply:102 736 868.02 TUSD
Start date:31/03/2018
Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago
Line
Candle
OHLC
USDEURCADGBPCHFJPYZAR
JavaScript chart by amCharts 3.20.16Value$0.9987
JavaScript chart by amCharts 3.20.16Apr 04Apr 06Apr 08Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30May0.9960.9970.9980.9991.000
JavaScript chart by amCharts 3.20.16Volume$58,007.05
JavaScript chart by amCharts 3.20.16Apr 04Apr 06Apr 08Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30May0100,000
JavaScript chart by amCharts 3.20.16Apr 04Apr 06Apr 08Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30May

Trading information

Today Last week Last month Last year All time
Open: -
High:
Low:
Close: -

TrueUSD/Georgian Lari (TUSD/GEL) price chart

TrueUSD/Georgian Lari (TUSD/GEL) capitalisation and volume charts

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.