What is TrueUSD (TUSD)?

Deep Dive

1. Purpose & Value Proposition

TUSD addresses the need for a stablecoin with audited, transparent reserves. Unlike competitors that often provide monthly reports, TUSD offers daily attestations by Moore Hong Kong, a global accounting firm, ensuring real-time visibility into its USD collateral. This is further secured by Chainlink’s Proof of Reserve (PoR), which monitors minting activity to prevent over-issuance. TUSD’s reserves are held in FDIC-insured escrow accounts managed by third-party trust companies, minimizing counterparty risk.

2. Technology & Architecture

TUSD operates across 12+ blockchains, including Ethereum, TRON, and Avalanche, enabling frictionless cross-chain transactions. Its smart contracts automate minting and redemption, allowing users to convert fiat to TUSD (and vice versa) without fees. The protocol’s multi-chain design supports DeFi, payments, and remittances, with transactions settling in 1–3 minutes on networks like TRON.

3. Key Differentiators

• Daily attestations: Most fiat-backed stablecoins (e.g., USDC, USDT) provide monthly reserve audits; TUSD’s daily reports set a higher transparency standard.
• Legal status: Recognized as an official medium of exchange in Dominica since 2022, a rare distinction among stablecoins.
• Fee-free minting: Unlike some stablecoins, TUSD does not charge fees for minting or redeeming tokens.

Conclusion

TrueUSD combines rigorous transparency, multi-chain flexibility, and regulatory recognition to serve as a stable medium for global transactions. As regulatory scrutiny intensifies, how might TUSD’s daily attestation model influence its adoption in tightly regulated markets?