What is TrueUSD?

TrueUSD, abbreviated as TUSD, is a stablecoin issued by TrustToken. It is pegged to the US dollar at a 1:1 ratio, meaning each TUSD is backed by and can be redeemed for one US dollar. This stablecoin aims to provide stability and transparency to the cryptocurrency market, undergoing regular audits to ensure its reserves match the issued tokens. Being regulated and offering redeemability, TrueUSD is designed to be a trustworthy and stable asset in the volatile crypto space.