Buy & Swap TrueUSD (BSC) (TUSD)

What TrueUSD is

TrueUSD is a stablecoin designed to track the US dollar one to one. Its official site describes it as the first USD-pegged stablecoin to deploy daily attestations of its underlying reserves by independent third-party institutions, and names Moore Hong Kong as the accounting firm carrying out that attestation work.

The site also explains that minting and redemption are handled through smart contracts that check reserve coverage in real time on chain, supported by Chainlink Proof of Reserve. In practical terms, the design aims to stop new tokens being created unless the reported reserves cover them.

TrueUSD states that it does not charge fees for minting and redemption, and that users create and verify an account on its website, including email verification and two-factor authentication, before they can mint or redeem directly with the issuer.^{[1], [2], [3], [4], [5]}

How transparency is presented

The transparency page publishes a breakdown of circulating supply per network and explains that the attestation reports cover the state and composition of reserves. The stated reasoning is that shorter reporting intervals give holders a more current view than monthly or quarterly reports.

This matters because a stablecoin's main risk is not price volatility but the gap between what holders are promised and what actually backs the token. Frequent, independently prepared reports narrow the window in which that gap could go unnoticed, although an attestation is a point-in-time check rather than a full financial audit.^{[6], [1]}

Where TUSD lives

TrueUSD lists four natively deployed networks: Ethereum, TRON, Avalanche and BNB Smart Chain. It also lists bridged versions on Polygon, Arbitrum, Cronos, Optimism and Aurora. The issuer notes that its own app supports only the native versions.

The distinction between native and bridged tokens is more than a technicality. A native token is issued directly by TrueUSD on that chain; a bridged token is a representation created by a separate bridge contract, and redeeming it with the issuer may require moving it back to a native chain first.

The version SwapRocket lists for this page runs on BNB Smart Chain, which is one of the native networks.^{[7], [8], [9]}

The announced transition

The TrueUSD site currently shows an announcement titled "TrueUSD Announces Transition from TUSD to USDD". The details of that transition, including any conversion process, timetable or change to redemption, are set out in the announcement itself rather than on the pages reviewed here.^[10]

The open question

The practical terms of the move from TUSD to USDD, such as whether holders need to convert, by when, and whether existing TUSD remains redeemable on every network, are UNKNOWN from the official pages reviewed. Anyone holding a meaningful amount should read the issuer's announcement directly before acting.

More broadly, a stablecoin's usefulness depends on liquidity on the networks people actually use. As an issuer shifts focus, liquidity on some chains or bridged versions may thin out, which can widen the gap between the quoted and the received amount on a swap.^{[10], [8]}