Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

TrueUSD (TUSD) Completes Next Attestation as Supply Remains Close to $200M

Published 04/10/2019, 08:38 AM
Updated 04/10/2019, 09:42 AM
© Reuters.   TrueUSD (TUSD) Completes Next Attestation as Supply Remains Close to $200M

© Reuters. TrueUSD (TUSD) Completes Next Attestation as Supply Remains Close to $200M

TrueUSD (TUSD) released its latest monthly attestation from Cohen & Co., showing evidence of the dollar backing for each digital coin. Over the past quarter, the TUSD circulation has stabilized, hovering around $200 million.

TUSD is the third most active stablecoin, competing with Paxos (PAX). TUSD still has a small, 0.51% market share, as Tether (USDT) dominates the stablecoin scene. However, dollar backing is increasingly important, as Tether has shown its USDT coin may be backed by fiat or debt, in effect breaking its model where each coin co...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.