TUSD Monthly Report: May 2024

TrueUSD
2 min readJun 3, 2024

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TUSD’s Circulating Supply: 501,701,476 TUSD

TUSD’s Dollar Reserves: $509,044,824

Ethereum: 373,959,381 TUSD

TRON: 94,299,236 TUSD

BNB Smart Chain (Wrapped): 1,203,456 TUSD

Fantom: 467,469 TUSD

Polygon: 229,596 TUSD

Avalanche Protocol: 2,327,026 TUSD

Arbitrum: 107,093 TUSD

OP Mainnet (formerly known as Optimism): 5,507 TUSD

Cronos: 277,287 TUSD

BNB Beacon Chain: 145,016 TUSD

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

(Last updated on May 31, 2024)

Ecosystem Updates

1. TUSD is now part of the Venus Protocol Core Pool on Ethereum with a 75% collateral factor.

2. Cakepie introduced the first vote incentives totaling 10K TUSD for voters in PancakeSwap’s TUSD-USDT LP pool (on both the BNB Chain and Ethereum).

3. TUSD has been listed on the crypto exchange LetsExchange, enabling users to trade over 4,000 crypto assets with ERC-20, BEP-20, and TRC-20 TUSD.

4. The Turkish crypto exchange Bitci has kick-started a zero-fee trading promotion for the TUSD/TRY trading pair, along with a TUSD staking campaign offering users an APR of up to 8.8% for a 15-day staking period.

5. TUSD sponsored the BNB Chain Hackathon 2024 Q2 and offered up to 10,000 TUSD as rewards for winning proposals in a bid to incentivize innovation and development in the crypto sphere.

6. TUSD went live on the multi-chain trading protocol ReHold.

Community Activities

1. TUSD rolled out a Bitcoin Pizza Day celebration activity, where participants can guess the Bitcoin price, and 100 winners will be selected to split the 522 TUSD reward.

2. TUSD and the crypto platform Bitci co-hosted an AMA on X, delving into topics such as the future of stablecoins and the plans for TUSD. This event rewarded participants with an enticing 500 TUSD incentive.

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.