TrueUSD

    TrueUSDtusd#85

    By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s

    $0.9986

    +0.03% (24h)

    7d Change

    +0.04%

    30d Change

    -0.13%

    24h High

    $0.9999

    24h Low

    $0.9995

    Market Cap$493.83M
    24h Volume$4.62M
    Circulating Supply494.5M TUSD
    All-Time High$1.03
    ATH Change-2.71%

    Price Chart

    About TrueUSD

    TrueUSD is a USD-backed stablecoin designed to provide a reliable medium of exchange and store of value on blockchain networks. Each TUSD token is backed 1:1 by US dollars held in segregated trust accounts, with regular third-party attestations verifying reserves. The stablecoin operates across multiple blockchain networks including Ethereum, Polygon, and others, enabling efficient transfers and integration with decentralized finance protocols.

    Primary use case: A collateralized stablecoin enabling peer-to-peer transfers and serving as a base pair for trading on decentralized exchanges.

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    Understanding TrueUSD Price Data

    The TrueUSD price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.

    Market capitalisation for TrueUSD is calculated by multiplying the current price by the circulating supply — the number of TUSD units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.

    All-time high (ATH) figures reflect the peak USD price ever recorded for TrueUSD on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.

    TrueUSD for Australian Investors

    In Australia, the Australian Taxation Office (ATO) treats TrueUSD and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding TUSD for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.

    Australian investors typically buy TrueUSD through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the TrueUSD protocol in plain English.

    TrueUSD FAQ

    How does TrueUSD maintain its US dollar peg?

    TrueUSD maintains its peg through 1:1 backing with US dollars held in segregated trust accounts. When TUSD tokens are minted, equivalent dollars are deposited into these accounts. The burning process releases dollars back to users. Regular third-party attestations verify that reserves match the circulating token supply, whilst arbitrage opportunities help maintain the peg in secondary markets.

    What are the tax implications of TUSD for Australian investors?

    The ATO treats TUSD as a cryptocurrency asset, meaning disposals can trigger capital gains tax obligations. This includes exchanging TUSD for other cryptocurrencies, converting to AUD, or using it for purchases. Even though TUSD aims to maintain stable value against USD, currency exchange rate movements between USD and AUD can create taxable gains or losses for Australian holders.

    Which blockchain networks support TrueUSD?

    TrueUSD operates across multiple blockchain networks including Ethereum, Polygon, Binance Smart Chain, Avalanche, and others. This multi-chain approach allows users to choose networks based on transaction costs and confirmation times. Cross-chain bridges facilitate movement between different blockchains, though each transfer may involve specific fees and processing requirements depending on the networks involved.

    What risks should investors consider with TrueUSD?

    Key risks include counterparty risk through reserve custodians, regulatory changes affecting stablecoin operations, smart contract vulnerabilities, and banking partner dependencies. The peg mechanism relies on market confidence and arbitrage activities. Australian investors face additional foreign exchange risk as TUSD's USD peg means AUD value fluctuates with currency exchange rates, and potential liquidity constraints compared to larger stablecoins.

    How does TrueUSD compare to other stablecoins like USDT or USDC?

    TrueUSD emphasises regulatory compliance and reserve transparency through regular third-party attestations and segregated trust accounts. However, it maintains a smaller market share compared to USDT and USDC, which can impact liquidity and trading efficiency. TUSD's multi-chain integration and institutional partnerships provide competitive advantages, but its adoption remains more limited than dominant alternatives.

    Frequently Asked Questions

    How often is the TrueUSD price updated?

    CoinHours pulls live TUSD pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.

    Why does the TrueUSD price differ between exchanges?

    Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.

    Is buying TrueUSD legal in Australia?

    Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.

    What is market cap and why does it matter?

    Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.

    Should I store TrueUSD on an exchange or in a wallet?

    Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.

    Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.