The value of TrueUSD (TUSD) is pegged 1:1 to the U.S. dollar, acting as a stable currency for digital exchange. TUSD is the first independently-verified digital asset fully collateralized by US Dollars. The ERC20 stablecoin uses multiple escrow accounts to reduce counterparty risk, provide transparent attestations, and offer legal protections against fraud.
TrueUSD is developed by TrustToken, a U.S. based company founded in 2017. The team comes out of Stanford, UC Berkeley, Palantir, and Google.