Dynamic and history value of price TUSD. Maximal value of price TrueUSD was 1.008$ - 2020-10-07 02:00:09, Minimal price of TUSD was 0.9837$ value and fixed at 2020-08-03 22:00:20. Today price of TrueUSD is : 0.9995$
TrueUSD is part of the TrustToken asset tokenization platform. It is a blockchain-based stablecoin that is linked to the value of the U.S. dollar. In the TrueUSD system, the US dollar exists in the bank accounts of multiple trust companies that have signed escrow agreements, rather than bank accounts controlled by one company. The contents of the bank accounts are published daily and audited monthly. If someone wants to get TrueUSD through an online application, they need to pass a KYC / AML check. Upon completion, they can send the USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens at a 1: 1 ratio and send it to the Ethereum address associated with the current account. Once in the wallet, tokens can be transferred to friends or used as a payment, combining the advantages of fiat currency (stability and trust) with cryptocurrencies (reducing fees and transfer time). The user can also exchange the actual USD by sending the TUSD token back to the smart contract address. The smart contract address will notify the trust company and initiate a bank transfer to the user’s account.