What is TUSD token?
TrueUSD is the first asset-backed token created on the TrustToken platform. You can redeem TUSD for 1-for-1 for US dollars.
A stable coin is a cryptocurrency based on blockchain technology. The value is set to that of a more stable asset. Learn more.
How TUSD works?
TUSD works with licensed trust companies that have signed escrow agreements. The bank account holdings are subject to monthly professional attestations. TUSD implements bank-grade security to ensure best security practices.
Anyone who passes a standard KYC/AML check can redeem TrueUSD for USD. Each TUSD represents a redeemable certificate for one US Dollar held in escrow.
How to buy TUSD?
You can now deposit TUSD in your Zebpay account.
How to redeem USD from TUSD?
You need to pass a KYC/AML check, send the smart contract your TrueUSD tokens from Ethereum address.
Once TUSD tokens are in your wallet, you can transfer them to your escrow accounts to convert them to USD. Equal USD will be in your bank account linked to your escrow account.
TUSD team mentions current BSA/AML regulation requires your name, Tax ID, address, date of birth, govt. ID, and address verification. (if your country is not in the US).
Learn more about how to redeem USD-backed TrueUSD stable coins.
Read more from TUSD Blog:
- Who are the trustee partners for TrueUSD?
- Is there a minimum for redeeming TrueUSD?
- TrueUSD attestation reports