TUSD Monthly Report: June 2024

TrueUSD
2 min read6 days ago

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TUSD’s Circulating Supply: 495,701,484 TUSD
TUSD’s Dollar Reserves: $503,042,332
Ethereum: 393,959,381 TUSD
TRON: 89,299,243 TUSD
BNB Smart Chain (Wrapped): 1,203,456 TUSD
Fantom: 467,469 TUSD
Polygon: 236,623 TUSD
Avalanche Protocol: 2,327,026 TUSD
Arbitrum: 130,173 TUSD
OP Mainnet (formerly known as Optimism): 5,507 TUSD
Cronos: 277,287 TUSD
BNB Beacon Chain: 85,470 TUSD
BNB Smart Chain (Native): 10,030,364 TUSD
(Last updated on July 1, 2024)

Ecosystem Updates

1. TUSD has been listed on the crypto platform ProBit, supporting TRC-20 and ERC-20 deposit and withdrawal networks, and the TUSD/USDT trading pair is now available.

2. TUSD has been listed on BitOasis, a crypto exchange in the Middle East and North Africa (MENA) region.

3. TUSD on Venus Protocol’s Ethereum lending market is now offering XVS rewards.

Community Activities

1. TUSD sponsored TaskOnSummerHeat to launch an exclusive event where users can complete tasks for a chance to share 300 TUSD.

2. Yvonne Chia, Head of Communication at TUSD, attended the AMA event titled “New categories of stablecoins are emerging constantly. How will the veteran player TrueUSD respond?” held by ChainCatcher Space.
3. Yvonne Chia, Head of Communication at TUSD, participated in the AMA event themed “The Future of DeFi and stablecoins” held by ReHold.
Product Updates

1. TUSD has closed its account at FlowBank since April 2024 and currently has no reserve exposure to or banking relationship with it.

2. In response to the sunset of the BNB Beacon Chain, TUSD has made an announcement advising BEP2-TUSD holders to convert their holdings to TUSD tokens of other network standards via the TUSD official website before July 31, 2024.

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.