The TrueUSD (TUSD) token gained investor interest on Friday, although it traded flat in the morning. However, its volume in the past 24 hours has increased by more than 15% on January 14.
What is TrueUSD (TUSD)?
TrueUSD is a stablecoin against the US dollar and is fixed at a ratio of 1:1. Initially launched in January 2018 for a limited investor community, it has since been developed to consolidate around 400 million US dollars in backed tokens within two years.
TrueUSD is among the stablecoins operated and managed by TrustToken. TrustToken can be thought of as a platform to symbolize real world assets.
Just like any other stablecoin, TrueUSD also intends to encourage increased liquidity, while providing a non-volatile asset to crypto enthusiasts or traders as well as users in general, which are similar to free-floating tokens like Bitcoin (BTC).
It was launched by the parent company TrustToken. TrustToken is founded by Rafael Cusman and is currently the CEO of the company.
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The circulating supply of TUSD tokens is 1.43 billion. Notably, there are two types of TUSD tokens. One is the ERC-20 token based on the Ethereum platform and the other is TUSDB, which is the BEP-2 token on the Binance Chain.
Interested buyers can buy, sell or trade TUSD tokens on several exchanges including Binance, Curve, etc.
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Source: *Data provided by CoinMarketCap.com
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Pricing and other details of TrueUSD (TUSD):
The TUSD token was priced at $0.9992 at 6:54 AM ET on January 14, down 0.05%. It has a market capitalization of $1.42 billion and a fully diluted market capitalization of $1.43 billion. The token volume over the past 24 hours reached $116.84 million, which is a 15.05% increase as of Friday morning.
The TUSD token had a high of $1.07 and a low of $0.9786 in the last 52 weeks. It reached an all-time high of $1.36 on May 16, 2018. Over the past 12 months, the price of the token has decreased by 0.06%.
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There are more than 16,800 cryptocurrencies, over 450 exchanges and the number is growing daily. The total market capitalization of the crypto world is around $2 trillion, and over the past 24 hours it has been around $104.17 billion, according to CoinMarketCap.com. However, an investor should evaluate the volatility and risks associated with the crypto market closely before considering an investment.