True USD is a stable cryptocurrency pegged to the US dollar. Ranking as the 52nd largest cryptocurrency in terms of total market value, TUSD is actually one of the most well-known projects in the rising stablecoin frenzy. Initially introduced in January 2018 to a limited group of investors, TUSD reached a value of over 400 million dollars in October 2020.
What is TrueUSD?
TrueUSD is a cryptocurrency launched by the TrustToken platform, which tokenizes traditional assets. TrustToken’s move in 2018 was seen as quite significant alongside Tether. Although stablecoins initially faced serious backlash in the crypto sector, they later continuously rose in value due to the safe haven they provided during the rises and falls of Bitcoin and other cryptocurrencies.
As of the writing of this article, TUSD not only ranks as the 52nd largest cryptocurrency but also places in the top 10 among stablecoins. In fact, when TUSD was launched, the majority behind it aimed to provide a safe haven for investors wanting to escape the ICO frenzy.
TUSD, an ERC-20 based stablecoin, has gone far beyond this initial purpose, now aiding investors in every major market movement. It’s known that the more US dollars the management puts into its reserves, the greater the total market value of TrueUSD becomes. TUSD reaches its highest trading volume on the Binance cryptocurrency exchange, as expected.
Where to Buy TrueUSD?
So, how and where exactly can you buy True USD? As expected, it’s possible to purchase it on Binance.
- To buy TUSD, first deposit a USD balance to the exchange or buy a cryptocurrency that can be used instead. For this, first go to the Binance homepage, click on the “Buy Crypto” option in the upper left, and then select the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to transact with, and in the Coin section, mark Tether, i.e., USDT.
- After buying USDT, preview the “Buy-Sell” option at the top left again and click on the “Classic” tab.
- In the opened section, select the USDT tab from the top right, type TUSD in the search button, and select the TUSD/USDT pair that appears below.
- Then go to the middle “BUY TUSD” tab, enter the amount you want to buy.
- Enter the desired amount and confirm the transaction to complete the TUSD purchase.
