Learn all about the value of TrueUSD and how to buy this Stablecoin
Jun 07, 2023
TrueUSD is a Stablecoin created on the Ethereum (ETH) network and the first Token created on the TrustToken platform. It maintains parity to the dollar at a ratio of 1 to 1, i.e.: 1 Tr...
Pricing and basic information about TrueUSD
What is the price of a TrueUSD (TUSD)?
The current price of TrueUSD, as a Stablecoin, is 1 USD. That is, you can buy the dollar through the TrueUSD token at a 1:1 ratio. This offers stability and lower volatility compared to the market for other cryptocurrencies. It is possible to convert TrueUSD to USD to withdraw fiat through partnerships with banks and trusts. There is a circulating supply of over one billion TUSD coins on the market.
Is TrueUSD a token or a cryptocurrency?
TUSD is a token and not a cryptocurrency, as it does not have its own blockchain network. TUSD is based on the Ethereum blockchain. Tokens are digital assets that do not have their own blockchain, and that use an existing network to function. On the other hand, cryptocurrencies have their own blockchain. A cryptocurrency is a token, but the opposite is not true.
Is TrueUSD part of the Ethereum network?
TrueUSD is a project based on the Ethereum network, and a token that follows the ERC-20 standard of that network. The tokens created in this network are made available in self-executing software codes and are compatible with the technology of this blockchain, the so-called smart contracts. Thus, these assets benefit from the transparency and security offered by the Ethereum network.
How to buy TrueUSD (TUSD)?
The safest way to buy and sell TrueUSD or other cryptocurrencies is using the services of an exchange. Bitso is one of the fastest growing digital currency exchanges in Latin America. After registering on the Bitso website or app, you can buy TUSD and other tokens in a quick, simple and safe way, starting with 5 USD. If you need guidance, just contact our team of experts!