TUSD is a stablecoin that is pegged 1:1 to the U.S. dollar. TUSD achieves this by holding an equivalent amount of USD in reserve for every TUSD token in circulation.
TUSD is based on the widely used ERC-20 token standard, making it compatible with various blockchain networks and decentralized applications (DApps). Like other stablecoins, TUSD aims to enable users to enter and exit cryptocurrency markets without the delays common in traditional bank settlements. Investors can trade TUSD for other coins in crypto markets. It also bridges the gap between crypto and fiat currencies without the inherent volatility of cryptocurrencies.
