TRUEUSD Price Chart
TrueUSD (TUSD) is a stablecoin from TrustToken, pegged to the value of the dollar and fully backed by dollars held in escrow accounts. The token can be redeemed for the underlying fiat asset after completing the KYC/AML verification on the official website or purchased on any crypto exchange that supports it.
Now we will talk about the features of the TrueUSD live price chart and the prospects of the TUSD USD rate.
How is the TrueUSD current price confirmed?
The TrueUSD crypto price and other tokenized currencies issued by the TrustToken platform are verified by independent accounting firms. Based on the results of the checks, confirmations of the fiat reserves are issued monthly, which are backed by each of the tokenized assets. Since the launch of the TrueUSD price charts, the project has collaborated with leading US accounting firm Cohen & Co. It has been confirmed that funds backing the TrueUSD current price are always at a 1:1 ratio to issued stablecoins and that the issuer has not made significant changes to the terms of service that protect users.
After March 2020, Cohen & Co is no longer auditing the TUSD to USD rate, now a real-time automated solution has been integrated for this purpose. It will eventually replace monthly TrueUSD live price chart assessments.
How to convert TUSD to USD?
There is an easy and affordable way to get TrueUSD/convert it to USD – buy/convert it on an exchange or through an exchanger. You can also make a sale or check the TrueUSD crypto price there.
- Centralized exchanges: Binance, OKX, Gate.io, KuCoin, Bittrex, Bitfinex, MEXC Global.
- Decentralized exchanges: Uniswap, Sushiswap, 1inch, and others on the Ethereum blockchain.
TrueUSD price prediction
If TrustToken notes the lessons given by Terra’s UST and Tron’s USDD, then there would be no doubt that the TUSD USD rate is in safe hands.
However, today we see a number of cases when the SEC investigates different crypto projects. The last issue with USDT says it all. But no panic, the TrueUSD price prediction is positive. The token depeg occurred only once (from $1 to $0.47 at the beginning of 2022) so it seems like the coin is really stable.
Nevertheless, it is advised to check all the TrueUSD coin news to convert all your tokens in advance.
2022 TrueUSD coin news
The world saw the TrueUSD coin price chart in March 2018, just at the time when the active public interest in stablecoins began to rise. Since then, the scope and features of the use of stablecoins have only expanded.
In 2022, TUSD ranked fifth among all stablecoins (according to CoinMarketCap). People trust this project and closely watch TrueUSD price charts mainly due to its transparency. Indeed, the real-time reserve dashboard is a great solution that stands out from the competition.
Undoubtedly the TrueUSD coin price chart will continue to play an important role in the development of the blockchain ecosystem.