What is TrueUSD?

TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations. TrueUSD uses multiple escrow accounts to reduce counterparty risk, and to provide token-holders with legal protections against misappropriation. TrueUSD is the first asset token built on the TrustToken platform.

What is TrustToken?

TrustToken is a platform to create asset-backed tokens that you can easily buy and sell around the world. For example, gold to gold tokens or dollar to dollar tokens.

TrueUSD is backed by the US dollar, acting as a stable currency for digital exchange.

TrueUSD is the first asset token by TrustToken. We anticipate additional asset-backed tokens such as TrueEuro, TrueBond, and more - all of which can be listed on exchanges around the world for efficient global trade.

We wanted a simple stablecoin, without the need to trust some company's hidden bank account or special algorithm. Our legal framework enables you to exchange USD directly with an escrow account – we never touch the funds. Our open source smart contracts ensure a 1:1 parity between TrueUSD and USD in the accounts.

Website: https://www.trusttoken.com/

Explorer: https://etherscan.io/token/0x8dd5fbce2f6a956c3022ba3663759011dd51e73e