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ToggleStablecoin plays a crucial role in connecting the traditional financial world with the cryptocurrency space. Among these, TrueUSD (TUSD) is one of the most transparent and largest USD-backed stablecoins in the market. What makes this Stablecoin special? Let's explore the details with Allinstation through the article below!
(The rest of the translation follows the same pattern, maintaining the structure and translating the content to English while preserving the <> tags)- Binance supports TUSD's integration of Chainlink Proof-of-Reserve to ensure transparency of collateral assets.
- Binance Custody and Binance's partners also support TUSD in asset management and custody.
Why did Binance choose TUSD?
- No legal involvement in the US: TUSD (under Techteryx) operates from Asia, not under direct supervision of SEC/NYDFS.
- Proof-of-Reserve integration: Helps build community trust, especially after the FTX incident.
- Good liquidation and easy scalability: Close cooperation with Binance helps TUSD increase supply and usage.
TUSD is the strategic alternative to BUSD in the Binance ecosystem since 2023. Although not the largest stablecoin in the market, TUSD has been promoted by Binance due to its transparency, multi-chain integration capabilities, and "safer" legal factors compared to other stablecoins.
TUSD Technical Specifications
Basic Information
- Token Name: TrueUSD (TUSD)
- Ticker: TUSD
- Blockchain: Ethereum, BNB Chain, Tron, Polygon, Avalanche, Fantom
- Token Standard: ERC-20, BEP-20, TRC-20…
- Token Type: Stablecoin
- Supply Mechanism: Unlimited – depends on USD backing
- Circulating Supply: Continuously changing, tracked on on-chain data
Allocation and Issuance
- No fixed allocation. No pre-mine or team tokens.
- TUSD is issued and burned based on actual usage demand (mint/burn according to USD backing).
Roadmap
TUSD's notable development roadmap for 2024-2025:
- Expand Proof of Reserve to more blockchain networks.
- Enhance cross-chain communication capabilities through integration of new bridges.
- Develop tools to support TUSD integration into Web3 enterprise and e-commerce ecosystems.
- Collaborate with RWA platforms and traditional finance to bring TUSD stablecoin into real financial environments.
Conclusion
TrueUSD (TUSD) is one of the most transparent and reliable stablecoins in the current market. With Proof-of-Reserve integration, multi-chain support, and the ability to mint/burn directly from USD, TUSD is gradually affirming its central role in the Web3 ecosystem.
While not a direct income-generating asset, TUSD can be a stable tool to reduce portfolio volatility and create passive income through DeFi if used correctly.
