Coin info
Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply
Do you think the price will rise or fall?
Rise 40%
Fall 60%
Price perfomance
$0.00
0%
$∞
Range 24H
$∞
Depth of Market
Depth +2%
Depth -2%
Rise 40%
Fall 60%
$0.9987
#154
$492,676,954
$28,146,611
494,515,083
494,515,083
TUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. Users can access the relevant data via the official website tusd.io at any time. TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective on October 7th 2022.
Rank #3
$1.01
+0.02%
Rank #6
$0.9999
+0.02%
Rank #35
$0.9996
-0.04%
Rank #281
$0.003341
+14.65%
Rank #596
$1.01
+0.23%
Rank #675
$1.01
-0.42%
Rank #712
$0.9372
-1.68%
Rank #1271
$1.29
+7.97%
Rank #1998
$0.02985
-0.55%
Rank #2465
$0.9977
-0.52%
Rank #25320
$0.005822
+4.63%
1 Dec 2025, 19:55
The Hong Kong-based issuer of FDUSD, First Digital, is planning to go public in New York, adding to the list of crypto companies seeking public listings under the Trump administration’s supportive approach toward digital assets. First Digital Group, the Hong Kong company that issues the FDUSD stablecoin , plans to go public by merging with a special purpose acquisition company (SPAC) called CSLM Digital Asset Acquisition Corp III, which is listed on the New York Stock Exchange. The SPAC raised $230 million through an initial public offering on the Nasdaq stock market in August. The planned merger includes a private investment in a public equity deal, although details are reportedly still being worked out. Crypto companies are rushing to go public President Trump signed the GENIUS Act into law on July 18, establishing the first federal regulatory framework for stablecoins. The president’s favorable regulatory environment has also sparked a surge in crypto SPAC activity, reaching over $10 billion in 2025. Hong Kong has been relatively hot this year for listings as well. Other companies like HashKey Holdings cleared the Hong Kong Stock Exchange’s listing hearing on December 1 and could raise up to $500 million. The Thailand-based exchange Bitkub is planning to raise $200 million in a Hong Kong IPO as early as 2026 after initially abandoning its plans for a domestic listing due to weak market conditions in Thailand. The pace of crypto listings has accelerated this year, though some companies have delayed their plans following a massive digital asset selloff. First Digital continues to fight on legal fronts FDUSD is a stablecoin issued by First Digital with roughly $920 million in market circulation, down significantly from about $4.4 billion at its peak in April 2024. The company also manages reserves as a fiduciary for TrueUSD, a stablecoin operated by Techteryx. At a press conference reported by Cryptopolitan in late November, Justin Sun, the founder of the Tron blockchain and an adviser to Techteryx, accused First Digital Trust of rerouting TrueUSD reserves offshore and fabricating transaction documents to hide the transfers. A Dubai court issued a worldwide freezing order covering $456 million in assets tied to the disputed reserves. First Digital has so far denied the allegations and filed a defamation claim against Sun. In a November social media post, the company called Sun’s allegations baseless. The dispute is about whether or not First Digital was authorized to transfer TrueUSD reserve assets into illiquid vehicles managed by Aria Commodities, a Dubai-based trade finance firm. Sun claims he put up about $500 million of his own money to cover an alleged liquidity shortfall in TrueUSD. He has urged Hong Kong regulators to intervene and strengthen the supervision of trust companies. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
28 Nov 2025, 06:48
What to Know Justin Sun says TUSD’s $500M loss came from a global fraud network involving ARIA, FDT,…
28 Nov 2025, 02:25
Justin Sun has updated on efforts to recover $456 million in missing TUSD reserves following a global asset freeze by the Dubai International Financial Centre Court on Aria Commodities DMCC and related entities, marking a key step in the ongoing investigation and pursuit of justice for TUSD holders. Global Asset Freeze: The DIFC Court issued [...]
28 Nov 2025, 02:10
Justin Sun, in a media briefing he held in Hong Kong titled “Truth Unveiled, Justice Revealed,” has shared an update on the ongoing effort to recover $456 million in missing TUSD reserves. The update came after the Dubai International Financial Centre (DIFC) Court issued an indefinite worldwide asset freeze on Aria Commodities DMCC and related entities, the first global freeze in the case. Justin Sun continues to campaign for justice The order, issued by the Dubai International Financial Centre Court on October 17, blocks any movement of the disputed funds and applies across jurisdictions. Sun has praised the DIFC Courts and its Digital Economy Court for its “fair and resolute ruling,” while claiming the missing funds are being actively traced around the globe to make a full recovery of all the reserve assets. He wrote: “Justice may be delayed, but it will never be denied.” According to Sun , the priority remains “full recovery and restitution” of TUSD’s reserves. Investigations have been speeding up, with more evidence expected from ongoing probes into Chok, Matthew Brittain (linked to Aria entities), and former TrueCoin executives. Since the freeze order is now active, the case is entering a new phase, and legal actions in areas like Hong Kong, Dubai, the Cayman Islands, and other regions are expected to increase, with more evidence and additional recovery steps underway. How the $456M went missing The origin of the fraud can be traced back to 2020 when Techteryx acquired TUSD, while TrueCoin – its original operator – remained the manager of the reserves. In the year that followed, as well as the subsequent one, TrueCoin, First Digital Trust (FDT), Legacy Trust, and offshore entities linked to Matthew Brittain allegedly joined hands to create forged documents, submit misleading filings, and move reserves out of regulated custody. Those funds were ultimately sent to bank accounts linked to Aria DMCC, a Dubai company owned by Brittain’s spouse, and according to available information, FDT CEO Vincent Chok approved these transfers and directed funds into private accounts in exchange for undisclosed kickbacks. The U.S. SEC later accused TrueCoin of misleading investors about the safety of TUSD’s reserves, which exposed deeper operational issues. Despite the drama, TUSD has shown great strength, remaining pegged near $1; however, this is mostly thanks to Sun’s involvement and quarantined reserves. The famous crypto thought leader in April accused the FDT and related parties of embezzling the funds and has worked hard to prevent TUSD’s collapse by protecting holders, even going as far as to support Techteryx with a loan of around $450 million as reported by Cryptopolitan. FDT has denied his claims, and CEO Chok claims there is no evidence to back it up while announcing plans for legal action against Sun. Despite the drama, Sun is unbothered and is more than willing to contend in court, framing his actions as safeguarding the broader crypto ecosystem. Join a premium crypto trading community free for 30 days - normally $100/mo.
