TUSD, also known as TrueUSD, is a stablecoin that is pegged to the US dollar. This means that for every TUSD token in circulation, there is an equivalent amount of US dollars held in reserve. The purpose of TUSD is to provide a stable and reliable cryptocurrency that can be used for transactions and trading without the volatility that is often associated with other cryptocurrencies. TUSD is built on the Ethereum blockchain and is ERC-20 compliant, which means that it can be stored in any wallet that supports ERC-20 tokens.

One of the key features of TUSD is its transparency. The company behind TUSD, TrustToken, regularly publishes reports that detail the amount of US dollars held in reserve for every TUSD token in circulation. This level of transparency is important for building trust and confidence in the cryptocurrency, especially given the history of fraud and scams in the industry. TUSD has gained popularity among traders and investors who are looking for a stable and reliable cryptocurrency that can be used for day-to-day transactions and trading.