True USD (TUSD) is a stablecoin fully backed by the US dollar and developed by Trust Token. It was designed to be "the first regulated stablecoin fully backed by the US Dollar."
TUSD can always be redeemed 1:1 to US dollar in one-click. Funds (for collateral) are held in segregated bank accounts, that are monitored and audited by third-parties.
True USD was the second stablecoin to reach a supply of more than 100 million and has been supported by a wide variety of exchanges in the industry.
A Stablecoin Fully Backed By The US Dollar.
May 21st, 2020