Question 1

What is TrueUSD (TUSD)?

Accepted Answer

TrueUSD (TUSD) is a U.S. dollar-pegged stablecoin intended to serve as an on-chain transfer, trading, and settlement unit referenced to the U.S. dollar. It is an on-chain token, not a bank deposit; its relationship to the U.S. dollar depends on whether issuance, redemption, and reserve arrangements can operate according to applicable procedures. The official website describes TUSD’s transparency mechanism as involving daily attestation reports and reserve-proof arrangements, and lists Ethereum, TRON, Avalanche, and BNB Smart Chain among its native deployment networks. On other listed networks, users should also distinguish between native deployments and bridged versions.

Question 2

What can TUSD be used for?

Accepted Answer

TUSD may be used for transfers or settlement in wallets, trading platforms, decentralized finance protocols, and payment scenarios that support it. Whether it can be used does not depend solely on holding TUSD; it also depends on whether the selected network, wallet, or application supports that version of the token. The official website lists trading, transfers, trading platforms, DeFi, and payments among TUSD use cases, and also lists native deployment and bridged networks. Before transferring across networks, confirm the network and token version supported by the recipient; sending to an incompatible network may prevent assets from being credited or processed properly.

Question 3

What is the relationship between TUSD and the U.S. dollar?

Accepted Answer

TUSD targets a U.S. dollar peg: users may mint tokens when they deposit fiat currency through the issuance process, and may apply for fiat settlement when they return tokens through the redemption process; therefore, token supply increases and decreases with minting and redemption. A peg does not mean the market trading price must equal US$1 at every moment. The official website states that it provides daily reserve reports and a reserve-proof mechanism for users to understand reserve coverage. This transparency information is used to observe reserve arrangements, but it does not eliminate issuer, banking partner, liquidity, compliance, network, or operational risks, nor does it make TUSD a bank deposit.

Question 4

How do I apply to mint TUSD?

Accepted Answer

According to the official website’s process, first create and verify an account in the TrueUSD app, complete personal or institutional information, and submit it for review. After approval, users can view minting instructions and wire funds to the banking partner according to those instructions. The bank account name must match the TrueUSD account name. After the issuer receives the funds, it sends a confirmation email and states that it typically transfers the minted TUSD to the wallet address provided in the app within one business day after receiving the funds. The official website also states that bank wire transfers generally may take 1 to 5 business days to complete; ACH and certain digital payment services are not accepted as alternatives for this process.

Question 5

How do I redeem TUSD?

Accepted Answer

According to the official website’s process, first enter bank information in the TrueUSD app to obtain a dedicated redemption address associated with that account; then send TUSD to that address to initiate redemption. Fiat payments must still satisfy the banking partner’s KYC and AML requirements. The official website states that the minimum redemption amount is US$1,000, and that after tokens are successfully sent to the redemption address, the banking partner typically initiates a wire transfer to the user’s bank account within one business day. Actual receipt is also affected by bank processing times, account review, and applicable requirements; the dedicated redemption address should be kept secure.

Question 6

What should be distinguished when using TUSD on different networks?

Accepted Answer

TUSD on native deployment networks is listed by the official website as directly deployed, while versions on bridged networks are provided through bridging. The two may differ in token deployment paths and available infrastructure. Therefore, before transferring, depositing into an application, or trading, confirm that the counterparty explicitly supports the relevant network and version rather than judging compatibility solely by the name “TUSD.”

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