TrueUSD
TUSD
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
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AI Analysis
Comprehensive evaluation of the token
TrueUSD (TUSD) Evaluation
Strengths:
- Fully fiat-collateralized with 1:1 USD reserves and monthly attestations
- Rigorous third-party audits (CertiK, Hacken, Armanino) and zero incidents
- Multi-chain deployment broadens utility in DeFi and trading
Weaknesses:
- Minimal protocol development and no decentralized governance
- Centralized issuance/custody creates counterparty and regulatory risk
- Smaller market share and lower liquidity vs. USDT/USDC
Conclusion: TrueUSD delivers on transparency and security as a stablecoin, making it a solid vehicle for capital preservation and DeFi use. However, its centralized model, slow development cadence, and competitive pressures limit growth potential.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About TrueUSD (TUSD)
TrueUSD (TUSD)
TrueUSD is a fully collateralized, USD-backed stablecoin designed for transparency, regulatory compliance, and price stability. Each TUSD token is redeemable 1:1 for US dollars held in regulated escrow accounts, with regular third-party attestations to verify full collateralization.
Key Features
- USD Pegged: Maintains a 1:1 value with the US dollar through reserves held in trust.
- Regulated & Audited: Trust agreements and frequent attestations ensure accountability and transparency.
- Multi-Chain Availability: Issued on Ethereum (ERC-20), Binance Smart Chain (BEP-20), Tron (TRC-20), and more.
- Fast & Low-Cost Transfers: Near-instant settlements and minimal fees for global transactions.
- Open Transparency: Public reports and real-time verification of escrow balances.
Use Cases
- Trading pairs and arbitrage in crypto markets
- Liquidity provision in DeFi platforms
- Cross-border payments and remittances
- Stable medium of exchange for merchants
Technical Details
- Token Symbol: TUSD
- Token Standard: ERC-20, BEP-20, TRC-20, et al.
- Issuer: TrustToken
Resources
- Official Website: https://www.trueusd.com
- Documentation & FAQs: https://docs.trueusd.com
- Blockchain Explorers:
- Ethereum: https://etherscan.io/token/0x0000000000000000000000000000000000000000
- BSC: https://bscscan.com/token/0x0000000000000000000000000000000000000000
Last updated: April 2024
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