TUSD • Transparent USD-backed stablecoin
Fiat BackedSources: Market data analysis
Ripple's RLUSD stablecoin surpassed TUSD in market cap, reaching $515M while TUSD stagnated at $490M. Significant competitive pressure from newer, better-backed alternatives in changing market dynamics.
Sources: Multiple crypto news outlets
April 2025: $500M emergency loan from Justin Sun to Techteryx after reserves became illiquid. $456M shortfall revealed in legal disputes with First Digital Trust accusations of unauthorized investments in speculative assets.
Sources: Industry reports
$50 million bounty launched to trace and recover misappropriated TUSD reserves. Justin Sun publicly supporting recovery efforts highlights severity of reserve management issues and recovery attempts.
Sources: Archblock announcements
Leveraging Chainlink's proof-of-reserves mechanism for automated verification with The Network Firm LLP as independent accounting firm. Attempt to restore transparency after reserve concerns.
Sources: Corporate documentation
Original issuer TrustToken (now Archblock), current owner Techteryx (acquired 2020), with Archblock managing day-to-day operations. TUSD operates separately from other TrustToken products creating complex control structure.
Sources: Dominica regulatory filings
Granted statutory status as authorized digital currency in Commonwealth of Dominica with legal tender status. Under global scrutiny following reserve issues and management disputes between operators.
Transparent USD-backed stablecoin
TrueUSD is a fiat-backed stablecoin, meaning its value is maintained through reserves of traditional currencies, primarily US Dollars. This backing mechanism provides stability and regulatory compliance, making it suitable for mainstream financial applications.
TUSD is the first digital asset with live on-chain attestations by independent third-party institutions. Deployed across 12+ mainstream blockchains with real-time transparency and Chainlink Proof of Reserve integration.
| Network | Standard | Explorer |
|---|---|---|
| Ethereum | ERC-20 | Etherscan |
| Tron | TRC-20 | Tronscan |
| BSC | BEP-20 | BSCScan |
| Polygon | ERC-20 | PolygonScan |
| Avalanche | Native | Snowtrace |
| + 7 additional networks (Cronos, TON, others) | ||
| Innovation | Provider | Status |
|---|---|---|
| Live Attestations | Independent firms | Real-time |
| Chainlink PoR | Proof of Reserve | On-chain |
| Reserve Reports | Third-party audits | Regular |
| Contract Migration | Updated addresses | Recent |
| Network | TPS | Block Time | Avg Fee |
|---|---|---|---|
| Ethereum | ~15 | 12s | $5-50 |
| Tron | ~2,000 | 3s | $0.01 |
| BSC | ~100 | 3s | $0.10 |
| Polygon | ~7,000 | 2s | $0.01 |
| Avalanche | ~4,500 | 1s | $0.02 |
| Feature | Implementation | Benefit |
|---|---|---|
| 1:1 USD Backing | Full collateralization | Stability guarantee |
| Real-time Audits | Live attestations | Transparency |
| Legal Protection | Legally protected | Regulatory compliance |
| Minting Networks | 4 active chains | Accessibility |
TUSD has undergone contract migrations on some networks. Always verify current contract addresses through official sources before transactions. The transparency features and Chainlink PoR integration represent industry-leading security practices.