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TrueUSD Token (TUSD): Everything you Wanted to Know as a Beginner before Investing!

TrueUSD (TUSD) is one of the top 100 popular cryptocurrencies in the crypto market currently. In terms of market cap, it is currently the 94th largest digital currency (over US$1.29 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the TrueUSD coin, how it works, and many more.

What is the TrueUSD Token (TUSD)? How does it Work?

TrueUSD (TUSD) is a stablecoin that has been pegged at 1:1 to US Dollar (USD). TrustToken (a company co-founded by Rafael Cosman and also a a platform for tokenizing real-world assets) had launched TrueUSD tokens. Initially, in January 2018, it was launched to a limited investor base. As of October 2020, this stablecoin has grown to incorporate around US$400 million of backed tokens.

The main aim of TrueUSD is to:

  • Facilitate increased liquidity
  • Provide a nonvolatile asset (in comparison to highly volatile and free-floating crypto tokens like Bitcoin BTC)

TrueUSD Stablecoin (TUSD): Facts & Figures

All these facts and figures (as of November 15, 2021) will help you to make a decision on investing in the TrueUSD coin . Before making TrueUSD coin transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • TrueUSD TUSD Token Price: US$0.9995 (Current TUSD Price)
  • 24hour Trading Volume (24h Volume): US$200,276,422
  • All-Time High (ATH) Price: US$1.36 (reached on May 16, 2018)
  • All Time Low (ATL) Price: US$0.9179 (reached on Mar 13, 2020)
  • 24h Low: US$0.9979
  • 7d Low: US$0.9976
  • 30d Low: US$0.9972
  • 90d Low: US$0.949
  • 52 Week Low: US$0.949
  • YTD (Year-To-Date) Return: -0.02% YTD (Year-To-Date)
  • Market Cap: US$1,292,025,173 (US$ 1.29 billion)
  • Crypto Rank (in terms of market cap): 94th in the crypto market
  • Fully Diluted Market Cap: US$1,292,536,218
  • Max Supply: ---
  • Total Supply: 1,292,621,520
  • Circulating Supply: 1.29 billion TUSD

These are the facts that made the TrueUSD coin a preferred medium of exchange. Always check out TrueUSD markets data, key metrics, comparison tools, and technical price analysis, top cryptocurrency price, and cryptocurrency news before trading or investing. Don’t forget to check the amount of TUSD needed to exchange USDT and other USD based stablecoins. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily.

What’s so Special about TrueUSD (TUSD)?

TrueUSD is special because it balances stability, utility, and security (in the form of regular attestations). The parent company TrustToken platform (the trust company behind TrueUSD) describes the TUSD stablecoin as “the first regulated stablecoin fully backed by the US Dollar.”

TrustToken has entered into multifarious corporate partnerships so that they can provide their users and customers with various financial services. One such example is the option to provide higher annualized passive income returns to the holders of TUSD.

Is TrueUSD Network Secure Enough?

TrustToken, the parent company that launched and manages TrueUSD coin, uses  real-time auditing of backing and reliability of TUSD to provide maximum transparency. The security issues related to TrueUSD are mainly dependant on Ethereum and issues that affect all other ERC-20 standard tokens. Abnormally high gas fees associated with Ethereum blockchain due to spike in Ethereum traffic may adversely affect transactions.

Where can you Buy TUSD tokens?

You can buy TrueUSD coins in almost all reputed cryptocurrency exchanges including:

  • Binance
  • KuCoin
  • Bittrex
  • Huobi Global
  • Uniswap (V2)
  • Pancakeswap (V2)
  • Bitfinex
  • OKEx, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.

The most popular price pairs of TUSD are:

  • TUSD/USDT
  • TUSD/BUSD
  • BTC/TUSD
  • ETH/TUSD
  • BNB/TUSD
  • USDT/TUSD, and many more.

Before investing, check out historical data of token TrueUSD, crypto news, TrueUSD token price charts, price performance, market updates, TUSD to USD (United States Dollar) exchange rate, the value of TrueUSD coin, trading fees, and others.

What are the Best Crypto Wallets to Store TrueUSD Coins?

The best TrueUSD cryptocurrency wallets to store TUSD coins are:

  1. Ledger Wallets
  2. Trezor Wallets
  3. KeepKey Wallet
  4. MyEther Wallet
  5. MetaMask Wallet
  6. Coinomi Wallet
  7. Exodus Wallet
  8. Cryptocom DeFi Wallet

Invest in TrueUSD and Other Cryptocurrencies

You can buy and sell TrueUSD and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and TrueUSD token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.

You can also diversify your crypto coin portfolio by including other digital assets such as TrueUSD, XMR, FIL, ETC, WBTC, BCH, BTC ETH, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Tether USDT, Dogecoin price, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), Binance Smart Chain based digital assets, smart contracts based cryptos, nonfungible tokens NFTs, and others.

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. You can also increase your income through yield farming, using TrueUSDegram bots and other automated trading bots, and many more.

Invest in NapBots: A Dynamic Cryptocurrency Index

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NapBots provides you various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error.

Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading Crypto-assets at reduced financial barriers and no human error.