Ask about TrueUSD · free
TrueUSD
Active AUM
$484.08m+0.04%over 24h
Key Metrics
Onchain AUM$484.08m
Change (24h)+0.04%
100%
DeFi Active TVL$3.58m
Change (24h)-2.13%
0.7%
Largest protocolJustLend V1$1.12m
Net Flows 30dN/A
N/A
Live Assets1
1
Assets Rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| USD Stable | $484.08m | $484.08m | -0.08% | $3.58m | 0.74% | -0.71% | $1 | |||
About TrueUSD
TrueUSD issues a fiat-backed stablecoin maintained at parity with its reference currency through reserve backing and redemption mechanisms. It enables fast, low-cost settlement of stablecoin transactions.
Entity
Legal entityTechteryx Ltd.
HeadquartersBritish Virgin Islands
Founded2018
Primary chainEthereum
Entity structure
TUSD was created by TrustToken Inc. through TrueCoin LLC and sold to BVI incorporated Techteryx Ltd. in early 2021, with Techteryx assuming full management in July 2023. Reserves were held by fiduciaries including First Digital Trust of Hong Kong, an arrangement now in litigation across three jurisdictions.
Regulation
Operator Techteryx Ltd. is a BVI company with no publicly disclosed stablecoin or money transmission license. The former US issuer TrueCoin LLC and TrustToken Inc. settled SEC fraud and registration charges in September 2024 over false fully backed marketing. Roughly 456 million dollars of reserves are litigated across Hong Kong, Singapore, and Dubai after diversion to Aria Commodities DMCC, with Justin Sun having provided emergency liquidity support.
Compliance
Of 1 assets
Attested1 of 1
KYC to mint or redeem1 of 1
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemable1 of 1
Fees & revenue
ConfidenceIssuer-Disclosed
Mint fee0 bps
Redemption fee0 bps
Float incomeYes
Fees last verified2026-07-09
TUSD charges no minting or redemption fees with a 1000 dollar redemption minimum. The February 2026 whitepaper states TUSD may collect interest on reserve deposits and pays none to users. Note the extensive reserve controversy history when weighing attestations.
Milestones
- 2025-11Dubai court freezes about 456 million dollars in Aria linked assets
- 2025-04Hong Kong filings reveal the reserve diversion and Sun bailout
- 2024-09SEC settles charges against TrueCoin and TrustToken
- 2023-03Binance makes BTC TUSD its only zero fee Bitcoin pair
- 2020-12TUSD business sold to Techteryx
- 2018-03TrustToken launches TrueUSD