Overview
TUSD is one of the oldest fiat-backed stablecoins, launched in January 2018 by TrustToken (later Archblock). It was among the first stablecoins to implement real-time on-chain proof-of-reserves via Chainlink's Proof of Reserve feeds. However, TUSD's relevance has declined significantly since 2023 due to issues with its custodian (Prime Trust, which became insolvent) and subsequent de-peg events. As of 2025, TUSD maintains a reduced market cap below $500 million.
Who Created TUSD?
TUSD was created by TrustToken / Archblock and launched in 2018. It is a Fiat-Backed stablecoin designed to maintain a stable value pegged to the US dollar.
Key Features
- +Chainlink Proof of Reserve integration — on-chain real-time reserve verification
- +Long operational history since 2018 through multiple market cycles
- +Multi-chain deployment across Ethereum, Tron, BNB Chain, and Avalanche
- +Previously top-5 stablecoin at $2B+ market cap demonstrating prior scale
- +TrueFi lending protocol integration enables TUSD-denominated uncollateralized loans
- +Low-cost transactions on Tron make TUSD competitive for remittances
Where to Use TUSD
TUSD is available on Ethereum, Tron, BNB Chain and 1 other networks. You can use it on centralized exchanges for trading, in DeFi protocols for lending and borrowing, or as a stable store of value to park funds between trades.
Official website: https://truefi.io/stablecoins