TUSD Monthly Report: January 2024

TrueUSD
3 min readFeb 2, 2024

TUSD’s Circulating Supply: 1,619,457,472 TUSD

TUSD’s Dollar Reserves: $1,627,619,547

Ethereum: 389,998,406 TUSD

TRON: 1,065,299,230 TUSD

BNB Smart Chain (Wrapped): 49,944,535 TUSD

Fantom: 467,469 TUSD

Polygon: 449,956 TUSD

Avalanche Protocol: 2,984,456 TUSD

Arbitrum: 217,143 TUSD

OP Mainnet (formerly known as Optimism): 9,335 TUSD

Cronos: 277,287 TUSD

BNB Beacon Chain: 145,016 TUSD

BNB Smart Chain (Native): 30,030,364 TUSD

(Last updated on January 31, 2024)

Ecosystem Updates

1. Xai (XAI), a project on Binance Launchpool, announced its decision to support TUSD for mining and list the XAI/TUSD trading pair, to which Seed Tag trading rules apply.

2. Binance has launched a promotion for TUSD flexible products on Simple Earn, during which users can subscribe to the product to enjoy real-time APR and an additional 8% bonus tiered APR.

3. Bit.Store, a Web3 crypto card issuing and payment solution, has accepted TUSD for card recharges. Users can now deposit TUSD and manage their crypto cards through the website.

4. TUSD went live on the Turkish crypto platform Bitci, accompanied by a staking campaign offering an APR of 8% and 12% for the 7-day and 14-day staking period, respectively.

5. TUSD recently forged a partnership with Velo, where it plays a pivotal role as a primary collateral for Velo’s native stablecoin, USDV. Furthermore, Velo has integrated TUSD for remittance settlement and cross-chain swaps.

6. Squid, a cross-chain infrastructure solution powered by Axelar, has supported TUSD on BNB Chain following its integration with ERC-20 TUSD. This integration enables Squid users to make cross-chain transfers of TUSD between Ethereum and BNB Chain.

Community Activities

1. Messari released the TUSD Q4 2023 status report, highlighting the extraordinary performance of TUSD in the last quarter.

2. CoinMarketCap released an in-depth article detailing TUSD’s recent actions within the DeFi ecosystem and its strategic partnerships.

3. Japanese crypto media outlet CoinPost published an exclusive report on TUSD titled “需要拡大中のステーブルコインTUSDとは” (Understanding TUSD, a Stablecoin in Growing Demand).

4. TUSD community ambassador attended the BNB Chain Hackathon WorkShop Day 6 and addressed the meeting titled “A journey to trust transparency and growth”.

Product Updates

1. TUSD released its milestones in 2023 to summarize its exploratory and cooperative efforts in security, DeFi, payment, etc.

2. TUSD unveiled its keywords for the past year as a recap of the progress and achievements it made across the board in 2023.

3. TUSD has become a sponsor of the BNB Chain Hackathon 2024 with its commitment to building a Web3 world teeming with infinite possibilities through concerted efforts.

Please note that except for the TUSD issued on TRON, Ethereum, Avalanche, BNB Smart Chain (Native), and BNB Beacon Chain, TUSD on other networks are all wrapped versions.

About TrueUSD

TrueUSD (TUSD) is the first USD pegged stablecoin with live on-chain attestations by independent third-party institutions. It has been listed on 100+ trading platforms such as Binance and Huobi, and is live on 10+ mainstream public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. TUSD is attested daily by MooreHK,a global leading accounting firm, and integrated with Chainlink’s industry leading Proof of Reserve to secure minting and further ensure transparency and reliability. TUSD was granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th 2022.

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TrueUSD

TUSD is the world’s most trusted stablecoin, fully backed by USD and independently attested live and on-chain, now moving billions of dollars around the world.