TrueUSD
Stablecoin Profile
TrueUSD (TUSD) is a fiat-backed stablecoin pegged to USD, with $484.5M in circulating supply across 10 blockchain networks. Each TUSD is backed by reserves held by the issuer, with parity attested via defillama. The peg has historically held within ±1% on most trading sessions, with reserve composition and attestation cadence the primary inputs to its credit-risk profile.
About TrueUSD (TUSD)
TrueUSD (TUSD) is an independently-verified digital asset redeemable 1-for-1 for US Dollars.
TrueUSD customers who have undergone a verification process can exchange USD for TUSD and redeem TUSD for USD.
Issuer & attestation
TrueUSD (TUSD) is issued by Techteryx (acquired from TrustToken in 2020), operating under Multi-jurisdictional (operations in Hong Kong and elsewhere). Originally launched in 2018.
Reserve composition
Reserves disclosed via Chainlink Proof of Reserve. Composition has historically included cash, short-term US Treasuries, and money market funds.
Notable peg events
TUSD briefly depegged to $0.97 in January 2024 amid concerns about reserve banking partners; the peg recovered within days.
Reserve attestation reports
Issuer information is compiled from public disclosures, NYDFS / BMA regulatory filings, and primary-source attestation reports. Always verify directly with the issuer before making decisions.
Recent supply activity
TrueUSD (TUSD) supply was unchanged in the last 24 hours, was unchanged over the past week, and was unchanged over the past 30 days.
Steady issuance: supply has held roughly flat (0.00% over 30 days), consistent with mature stablecoin liquidity dynamics.
Supply History
Network distribution
TrueUSD circulates across 9 blockchain networks. Ethereum hosts the largest share at 64.68%, followed by Tron at 34.78%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Chain | Supply | Share | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Ethereum | $313.4M | 64.68% | -0.00% | -0.00% |
| Tron | $168.5M | 34.78% | 0.00% | 0.00% |
| BSC | $878.7K | 0.18% | 0.00% | 0.00% |
| Avalanche | $845.7K | 0.17% | 0.00% | 0.00% |
| Fantom | $466.5K | 0.10% | 0.00% | 0.00% |
| Polygon | $221.2K | 0.05% | 0.00% | +3.17% |
| Arbitrum | $194K | 0.04% | 0.00% | 0.00% |
| Syscoin | $2K | 0.00% | 0.00% | 0.00% |
| Near | $509.7 | 0.00% | 0.00% | 0.00% |
Peg stability history
TrueUSD (TUSD) is designed to trade at exactly 1.00 USD, with its peg defended through direct redeemability against off-chain reserves. Spot price currently sits at $1.0000, a -0.002% deviation from the target — well inside the stability band typical for reserve-backed dollar tokens.
How reserve-backed stablecoins defend their peg
Fiat-backed stablecoins maintain their peg through arbitrage: any time the secondary-market price drifts above $1.00, authorised participants mint new tokens by depositing dollars and sell them into the market; any time it drifts below, they buy on the open market and redeem 1:1 for dollars. The peg therefore depends entirely on (a) the reserves actually existing, (b) the issuer honouring redemption requests promptly, and (c) the issuer remaining solvent and unfrozen.
Practical implications for holders
- Counterparty risk is concentrated in the issuer and its banking partners — a banking failure (as in the March 2023 USDC / SVB episode) can cause short-term depegs even when the underlying reserves are sound.
- Reserve attestations are not full audits. Always read the firm name, scope, and date of the latest attestation report before treating the peg as risk-free.
- Redemption rights typically apply only to verified institutional partners, not to retail holders. Retail exposure is exited via secondary markets, where liquidity matters most during stress periods.
- Regulatory action against the issuer (NYDFS orders, OFAC freezes, court-ordered blacklists) can immediately impair specific addresses or even the entire token.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (reserve-backed) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Contract addresses
TrueUSD (TUSD) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Chain | Contract address | Verify |
|---|---|---|
| Ethereum | 0x0000000000085d4780b73119b644ae5ecd22b376 | Explorer |
Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.
Compare TrueUSD to other fiat-backed stablecoins
Below are the largest fiat-backed stablecoins tracked on Mantapex alongside TrueUSD (TUSD). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Supply | Mechanism | Chains |
|---|---|---|---|
| Tether (USDT) | $184.1B | fiat-backed | 107 |
| USD Coin (USDC) | $79.6B | fiat-backed | 125 |
| World Liberty Financial USD (USD1) | $4.5B | fiat-backed | 8 |
| PayPal USD (PYUSD) | $4.1B | fiat-backed | 7 |
| BlackRock USD (BUIDL) | $2.5B | fiat-backed | 8 |
Peg Stability
Chain Distribution
Resources & data sources
TrueUSD (TUSD) is tracked across major crypto data providers. The links below open TrueUSD (TUSD)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Recent TrueUSD news
Latest reporting from major crypto news outlets covering TrueUSD.
- Invezz
Yearn Finance losses $300K in a TUSD vault exploit
Yearn Finance, one of the leading decentralised finance (DeFi) protocols, has suffered a significant setback as its legacy TUSD vault fell victim to a sophisticated exploit.
- Cryptopolitan
YearnFinanceV1 suffers $300,000 exploit to legacy TUSD vault
A legacy version of the decentralized finance protocol Yearn has suffered an exploit, reviving concerns about misconfigured and immutable smart contracts that have held funds on…
- Blockonomi
TrueUSD Faces Fraud Claims as Justin Sun Details Global Asset Recovery Push
TrueUSD stablecoin enters a new phase of asset recovery after detailed fraud claims surface.
- Crypto news
Justin Sun escalates dispute over $456M TUSD reserve gap in Hong Kong media briefing
Justin Sun has stepped further into the center of the $456 million TUSD reserve dispute with a public address in Hong Kong.
- Cryptosnewss
Justin Sun Intensifies Battle to Recover Missing $456 Million TUSD Reserves Worldwide
Justin Sun has intensified his global campaign to recover the missing $456 million in TUSD reserves, following a major legal breakthrough secured through the Dubai International…
- Cryptopolitan
Justin Sun talked about the ongoing investigation into the $456 million TrueUSD (TUSD) fraud
Justin Sun, in a media briefing he held in Hong Kong titled “Truth Unveiled, Justice Revealed,” has shared an update on the ongoing effort to recover $456 million in missing TUSD…
- CoinPedia
Justin Sun Details New Progress in $456M TUSD Fraud After Worldwide Asset Freeze
Justin Sun held a media briefing in Hong Kong today, offering his clearest update yet on the ongoing effort to recover $456 million in missing TUSD reserves. The case just reached…
- Tokenpost
Dubai Court Freezes $456M Linked to TrueUSD Reserves as Recovery Efforts Intensify
A Dubai court has frozen roughly $456 million connected to TrueUSDs reserves, marking a major development in an ongoing dispute involving stablecoin operator Techteryx, fiduciary…
Related stablecoins
Stablecoins comparable to TrueUSD by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Other fiat-backed stablecoins
Stablecoins pegged to USD
Risk Warning
Stablecoins carry risks including de-pegging, regulatory changes, and counterparty risk. Always diversify and do your own research.
