TrueUSD Price Down 0.2% This Week (TUSD)

TrueUSD (TUSD) traded down 0.2% against the U.S. dollar during the one day period ending at 20:00 PM ET on March 18th. TrueUSD has a total market cap of $2.03 billion and $38.71 million worth of TrueUSD was traded on exchanges in the last day. During the last week, TrueUSD has traded down 0.2% against the U.S. dollar. One TrueUSD token can now be purchased for approximately $1.00 or 0.00003697 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded down 11.6% against the dollar and now trades at $0.40 or 0.00001488 BTC.
• Aidi Finance (BSC) (AIDI) traded 1.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 1.9% lower against the dollar and now trades at $0.0667 or 0.00000246 BTC.
• CareCoin (CARES) traded 1.9% lower against the dollar and now trades at $0.0827 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded up 36.6% against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded down 1.9% against the dollar and now trades at $98.93 or 0.00365664 BTC.
• FEG Token (FEG) traded down 1.9% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded down 1.3% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded down 1.9% against the dollar and now trades at $7,190.88 or 0.26577750 BTC.
• Lego Coin (LEGO) traded 22.4% higher against the dollar and now trades at $0.0172 or 0.00000064 BTC.

About TrueUSD

TrueUSD was first traded on March 31st, 2018. TrueUSD’s total supply is 2,029,821,040 tokens. TrueUSD’s official message board is trueusd.medium.com. The official website for TrueUSD is tusd.io. TrueUSD’s official Twitter account is @tusdio.

According to CryptoCompare, “TrueUSD, part of the [TrustToken](https://hackernoon.com/truecoin-unveils-usd-backed-stable-coin-a-trustworthy-alternative-to-tether-b436610df9bb) 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 presently possible to buy alternative cryptocurrencies such as TrueUSD directly using US dollars. Investors seeking to acquire TrueUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TrueUSD using one of the aforementioned exchanges.

TUSD/USD price chart by TradingView