TrueUSD (TUSD) is the first USD-pegged stablecoin that is both fully regulated by a state financial institution and transparently verified by independent firms.
TrustToken, the company that issues TUSD, is registered as a Money Service Business under the Financial Crimes Enforcement Network of the United States. Their funds are regulated by The Nevada Department of Business Industry, Financial Institutions Division. Moreover, the collateral for TrueUSD is audited by Cohen Company as well as Armanino, both of which are top global accounting firms in the world.
TrueUSD has traditional collateral, which means that for every TUSD in circulation, there is a USD in asset stored in its reserved.
TUSD does not have a maximum supply. At the moment, there are 913,398,713.86 TUSD tokens in circulation.
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