Binance-Peg TrueUSD

TUSD

TrueUSD is a stablecoin backed by USD reserves held by TrustToken's partner banks.

Risk Rating
Good
$1.02
0.69%
Summary
Information
Blockchain
  • BNB Chain
Key Metrics
  • Volume (24H): $192.2
  • ATH: $1.25 (07/18/2023)
  • ATL: $0.16 (01/31/2024)
Risk Assessment
Good
Asset Strength

TUSD is a mid-cap, fully collateralized asset. This asset depends on two centralized entities for custody services. This asset is exposed to the underlying risks of Origin Ether, Frax Ether, Lido, and Rocket Pool, which are protocols rated as Watch out, Watch out, Average, and Average, respectively.

TUSD is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.

Asset Tokenomics

TUSD has an uncapped supply but has inflation control or burn mechanisms in place.

Dependencies

Binance-Peg TrueUSD has no dependencies.

Things to know about TUSD