True USD is a stablecoin released as an Ethereum ERC-20 token. Trust Token is the issuer.
The liquidity of TUSD tokens is provided with Trust Token’s collaboration with trust companies and banks, depositories and warrants of every transaction operation between tokens (smart contracts), and fiat currency.
In other words, the amount of issued coins correlates with the amount of real money on the bank escrow accounts 1:1. You can check this in real time or read reports as of specific dates.
Where and how you can get TUSD
- The popular exchanges Huobi and Binance
- On the decentralized exchange Uniswap
- On the website of the Trust Token issuer (KYC required)
TUSD to Minter
TUSD on Minter is a wrapped TUSD of the ERC-20 format that has more advantages thanks to the nature of Minter.
On the Minter blockchain, the TUSD stablecoin has the ticker TUSDE and is fully backed by ERC20 TUSD.
TUSDE tokens on Minter
TUSDE hot wallet —
TUSDE cold wallet —
TUSD tokens on Ethereum (supplying TUSDE on Minter)
TUSD hot wallet —
TUSD cold wallet —
To minimize fee expenses, wrapped tokens on Minter are released in packets (they won’t exactly be 1:1 accurate with the backing coins on Ethereum). But only the 100%-backed amount will be allowed to circulate on Minter, the rest will be on the hot and cold wallets, which are controlled with multisigs.
It doesn’t affect security and reliability, since minting and burning wrapped tokens on Ethereum is also managed by multisigs and they can be minted or burned at any moment upon reaching a required quantity of votes. In this case, Minter has an advantage over Ethereum as it doesn’t spend any money at all on fees.
The first packet of TUSDE on Minter consists of 10 000 000 000 TUSDE.
At the moment of writing, the cold wallet has 9 999 000 000 TUSDE.
Meanwhile, the hot wallet has 1 000 000 TUSDE
When users perform TUSD transfers from Ethereum to Minter, these tokens will be circulated and their amount will be calculated like this:
10 000 000 000 - *hot wallet total* - *cold wallet total* = *amount of TUSDE in circulation*
Liquidity pools with TUSDE
By clicking on a pair, you can see all the basic liquidity information, token price correlation, daily trade volume, daily fee amount received by liquidity providers, and the current APY — yearly profitability.
And on the page of the pair at Chainik, you can also track the price chart.
TUSD cross-chain transfer
You can learn about transferring TUSD and other tokens from Ethereum to Minter and back on our page about cross-chain transfers.
Advantages of TUSD on Minter
The advantages of having a wrapped TUSD, like other tokens on Minter, lie in the blockchain’s possibilities — first off, the transaction speed (less than 5 seconds) and low fees ($0.01 for a transfer and $0.03 + 0.2% for a conversion). You can learn about other advantages Minter has on a corresponding page in our database.
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