TrueUSD (TUSD) is a stablecoin running on Ethereum that attempts to maintain a value of 1 USD. The availability of TUSD is collateralized by the amount of US dollars deposited in the form of security securities with banks. Tokens can be purchased and redeemed for their equivalent value in US dollars on the TrustToken website. TrueUSD is one of several cryptocurrency stablecoins administered by TrustToken, a platform for
tokenizing real assets.
Table of Contents:
When will it reach 1 dollar?
TrueUSD already reached the value of 1 dollar in November 2021, when it debuted on the market with a price of around 1.5 dollars. Since then, the price of TUSD has remained stable around 1 dollar, as its value is pegged to the US dollar. At the time of writing, the price of TUSD is around 0.9176
dollars.
When will it reach 10 dollars?
TrueUSD will never reach 10 dollars, as its purpose is to maintain a 1:1 relationship with the US dollar. If the price of TUSD were to deviate significantly from 1 dollar, there would be arbitrage opportunities that would cause the price to realign with the US dollar. In addition, TUSD’s buy and redeem mechanism ensures that the supply of tokens is always equal to the demand for US dollars
.
When will it reach 100 dollars?
TrueUSD will never reach 100 dollars, for the same reasons it will never reach 10 dollars. Its value is always tied to the US dollar and cannot fluctuate independently
.
When will it reach 1000 dollars?
TrueUSD will never reach 1000 dollars, for the same reasons it will never reach 10 or 100 dollars. Its value is always tied to the US dollar and cannot fluctuate independently
.
Is it considered a good investment?
TrueUSD is not considered a good investment, as it doesn’t offer any potential for appreciation or return. Its purpose is to provide a stable and transparent currency that can be used for transactions, holding and exchanging value in the cryptocurrency ecosystem. TrueUSD can be useful for users who want to avoid cryptocurrency volatility, protect their purchasing power, or access decentralized financial services
(DeFi).
Price forecasts from 2024 to 2030
TrueUSD’s price forecasts are useless, as its price will always be equal to 1 US dollar. There are no models or scenarios that can influence the price of TUSD, as its value is determined by the value of the US dollar. Therefore, the table below shows the price of TUSD from 2024 to 2030
:
Tabla
| Anno | Minimum forecast | Average forecast | Maximum forecast |
|---|---|---|---|
| 2024 | $1.00 | $1.00 | $1.00 |
| 2025 | $1.00 | $1.00 | $1.00 |
| 2026 | $1.00 | $1.00 | $1.00 |
| 2027 | $1.00 | $1.00 | $1.00 |
| 2028 | $1.00 | $1.00 | $1.00 |
| 2029 | $1.00 | $1.00 | $1.00 |
| 2030 | $1.00 | $1.00 | $1.00 |
Frequently Asked Questions
How does TrueUSD (TUSD) work?
TrueUSD operates using smart contracts on the blockchain, allowing the issuance and redemption of a tokenized version of the US dollar. When users want to buy TUSD, they must first transfer USD to a designated bank account. Once the transfer has been received, a smart contract will automatically generate and send the corresponding amount of TUSD tokens to the user’s wallet, effectively adding it to the token supply in circulation. When a user sells their TUSD, a smart contract instantly eliminates the redeemed tokens by burning them, permanently removing them from the TUSD’s circulating supply. At the same time, the platform credits the corresponding US dollars to
the user.
What are the benefits of TrueUSD (TUSD)?
TrueUSD offers several benefits to users, including:
- Transparency: TrueUSD uses Chainlink’s Proof of Reserve (PoR) technology for real-time verification of its off-chain reserves, bringing end-to-end transparency to its anchoring with the US dollar. Users can access the relevant data at any time through the official TUSD website
- Easy conversion: TUSD can be exchanged for USD. Both individual (private) and corporate users can register to mint or redeem TUSD at any time
- Compatibility: TUSD is based on the widely used ERC-20 token standard, making it compatible with different blockchain networks and decentralized applications (dApps). TUSD can be used for transactions, holding, and exchanging value in the cryptocurrency ecosystem
- Stability: TUSD maintains a 1:1 relationship with the US dollar, avoiding the volatility typical of cryptocurrencies. TUSD offers users the ability to enter and exit crypto markets without the delays typical of traditional banking regulations
.
through the official website.
.
.
What are the risks of TrueUSD (TUSD)?
TrueUSD also presents some risks to users, including:
- Regulation: TrueUSD is subject to laws and regulations applicable to digital currencies and financial assets. This may result in restrictions, sanctions or prohibitions by competent authorities in certain countries or regions
- Security: TrueUSD is based on the security of the Ethereum blockchain and its smart contracts. If there were bugs, attacks, or malfunctions in the network or code, TUSD could be lost or stolen
- Liquidity: TrueUSD depends on the liquidity of the exchanges and platforms on which it is listed. If there were liquidity problems, there could be delays or difficulties in minting or redeeming TUSD
.
.
.
How to Buy TrueUSD (TUSD)?
There are two main ways to buy TrueUSD:
- Buy directly from TrustToken: users must register on the official TUSD website and verify their identity. After completing the verification, they can transfer USD to a designated bank account and receive TUSD on their wallet
- Buy on a cryptocurrency exchange: users can exchange other cryptocurrencies for TUSD on any of the exchanges where the token is listed. Some of the most popular exchanges that list TUSD are Binance, Coinbase,
.
and KuCoin.
