CoinGecko Research Report: The mechanism of TrueUSD (TUSD) is strictly linked to the US dollar, and the circulation volume increased by more than 400% last year

2024-02-05 21:54:46BlockBeats

According to BlockBeats news, on February 5, according to the latest research report released by CoinGecko, TrueUSD (TUSD) is the first stablecoin anchored to the US dollar and provided with real-time verification on the chain by an independent institution. TUSD has performed well in the past few months, with its circulating volume increasing by more than 400% in 2023. It has also achieved integration with multiple protocols, blockchain networks, financial institutions, and has become a payment method for mainstream enterprises. As the fourth largest stablecoin, TUSD has stablecoin issuance worth over US$3.3 billion, second only to USDT, USDC and DAI. To ensure transparency and full accountability to currency holders, TUSD has partnered with Chainlink to advance its Proof of Reserves project. TUSD stated that it is using Chainlink's real-time decentralized data management technology to develop a Proof of Reserve (PoR) mechanism to update reserve data in real time, allowing users to verify the status of legal currency reserves. Currently, many trading platforms are integrating TUSD. In trading platforms that support TUSD, users can deposit TUSD and trade supported TUSD trading pairs. Mainstream trading platforms such as Binance, OKX and HTX already support TUSD trading.

TrueUSDIntro

TrueUSD provides its...All

TrueUSDMarkets

Price	$0.9872 USD	Price Change (24h)	+0.04%	Trading Volume (24h)	$30,697,185.3 USD
Market Cap	$493,972,262.51 USD	Circulating Supply	495,601,552.61	Max Supply:	--

Disclaimer: The information provided in this section doesn't represent any investment tips or Bi123.co's official position.

A valuable blockchain information and data platform

CoinGecko Research Report: The mechanism of TrueUSD (TUSD) is strictly linked to the US dollar, and the circulation volume increased by more than 400% last year

TrueUSDIntro

TrueUSDMarkets

Related News

Similar News