TrueUSD can be briefly described as TUSD, a stablecoin integrated with the dollar. There are approximately over 200 million TUSD in the market. TUSD had a very rapid rise when it was first launched. It suddenly jumped from 43 million coins to 200 million and more coins. TrueUSD transactions are made in bulk and therefore it is not fully known how the coins are created.
Today, the printed TrueUSD coins are kept in over a thousand wallets. Based on the data prepared by Etherescan, it seems that TUSD transactions are on the rise with the number of coins. It can be said that TUSD, whose growth volume appears to be organic, is similar to Tether in terms of coin increases.
TUSD officials previously announced that they have earned a $20 million revenue source from their strategic partnership. Among the partners; Companies such as Anreessen Horowitz, Block Tower Capital and Danhua Capital are involved. It was decided to spend the accumulated funds by converting them to digital as asset tokens. However, it is an uncertain issue that all incoming assets will be converted to TrueUSD Coin. Danny An, CEO of Trust Token, said that TUSD is the first step to prepare a system consisting entirely of digital assets, and they will also produce different tokens.
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