[All stablecoins](https://revain.org/) › TUSD

# TrueUSD (TUSD): collateral, risks and reviews

Reserve-backed stablecoin · US dollar · Techteryx

## Key facts

- **Issuer**: Techteryx
- **Pegged to**: US dollar
- **Type**: Reserve-backed stablecoin
- **Backing**: cash, other investments
- **Reserve reports**: Attestation report, daily — by Moore Hong Kong
- **Redemption with the issuer**: For verified customers of the issuer; no redemption fee
- **Issuer powers**: freeze addresses, destroy frozen balances, pause all transfers, upgrade the contract, issue and redeem tokens
- **Networks (per the issuer)**: Ethereum, TRON, BNB Smart Chain, Avalanche

From the ACHIVX Academy dossier written 2026-10-11 from the issuer’s own documents. Terms change — check the sources.

## Regulation

- European Union — not authorised under MiCA

## What backs TUSD as of 27 October 2026

Moore CPA Limited’s automated daily attestation (VeriNumus) showed US$501,928,900.88 held against 494,515,082.75 TUSD on the four native networks on 27 October 2026. TrueUSD does not publish a breakdown by asset type.

Source: [widget.verinumus.io](https://widget.verinumus.io/v1/tusd), snapshot of 27 October 2026. The figures change over time.

## Audits and reserve reports

- Reserve reports: daily, checked by Moore CPA Limited (Moore Hong Kong), via the VeriNumus automated attestation system.

## Minting and redeeming directly with the issuer

Verified customers (individuals aged 18 or over and institutions) who open a TrueUSD account and pass bank verification and KYC/AML checks.

| Item | Terms |
|---|---|
| Minimum to mint | US$1,000 (smaller wires may be refused) |
| Minimum to redeem | US$1,000 |
| Mint fee | No TrueUSD fee; bank and wire costs are deducted |
| Redemption fee | No TrueUSD fee; bank and wire costs are deducted |
| Verification | Account, bank verification and KYC/AML checks; redemption wires also go through the banking partners’ KYC/AML checks. |
| Settlement | Mint: within 1 business day of funds arriving (wires take 1–5 business days). Redeem: wire generally within 1 business day. |

Not available under the issuer’s terms: persons in the United States; persons from jurisdictions that do not meet FATF AML/CTF standards; Politically Exposed Persons

## Freezing and seizure

The terms let TrueUSD refuse to issue or redeem tokens linked to suspected blocked property or frozen assets, bar specific exchanges from receiving or transferring TUSD, and freeze old tokens when a contract is replaced or moved to a new chain. The terms do not describe freezing individual holders’ addresses.

## Networks where the issuer issues TUSD

| Network | Contract address |
|---|---|
| Ethereum | [0x0000000000085d4780b73119b644ae5ecd22b376](https://etherscan.io/address/0x0000000000085d4780b73119b644ae5ecd22b376) |
| TRON | [TUpMhErZL2fhh4sVNULAbNKLokS4GjC1F4](https://tronscan.org/#/contract/TUpMhErZL2fhh4sVNULAbNKLokS4GjC1F4) |
| BNB Smart Chain | [0x40af3827f39d0eacbf4a168f8d4ee67c121d11c9](https://bscscan.com/address/0x40af3827f39d0eacbf4a168f8d4ee67c121d11c9) |
| Avalanche | [0x1C20E891Bab6b1727d14Da358FAe2984Ed9B59EB](https://snowtrace.io/token/0x1C20E891Bab6b1727d14Da358FAe2984Ed9B59EB) |

Official list from the issuer (4 networks). These are TrueUSD’s native deployments and the only networks counted in the daily attestation. TUSD on Polygon, Arbitrum, Cronos, Optimism, Aurora and the old BNB Smart Chain contract is bridged, and the TrueUSD app supports only the native versions.

## Contracts by network

| Network | Contract address | Token | Issuer can |
|---|---|---|---|
| BNB Chain | [0x40af3827f39d0eacbf4a168f8d4ee67c121d11c9](https://stablescan.achivx.com/bnb-chain/stablecoin/tusd#contract) (18 decimals) | bridged | freeze |

Contracts indexed by Stablecoin scanner ACHIVX, snapshot of 2026-10-27. Always check the address before sending.

## Risks and caveats

- TrueUSD’s terms and whitepaper do not name the legal entity that issues TUSD.
- TrueUSD does not publish a breakdown of reserve assets; the whitepaper says reserves may include cash equivalents and other yield-generating investments, and are not insured.
- The terms say the issuer does not guarantee redemption of TUSD for US dollars.
- A 2024 Singapore High Court judgment records that a substantial part of US$468 million of TUSD reserves placed through a third party appeared irrecoverable at the time.

## About the issuer

- **Issuer**: Techteryx (named as owner in a Singapore court judgment)
- **Regulator / licence**: No licence disclosed; the terms say the issuer may not be regulated as a financial institution in a user’s jurisdiction
- **Launched**: March 2018, by TrustToken

## Questions and answers

**How is TUSD regulated?**

European Union: not authorised under MiCA.

**Which networks is TUSD on?**

According to the issuer, TUSD is issued on 4 networks: Ethereum, TRON, BNB Smart Chain, Avalanche. Stablecoin scanner ACHIVX indexes TUSD on: BNB Chain.

**Who issues TUSD?**

TrueUSD’s own documents do not name a legal entity. A 2024 Singapore High Court judgment names Techteryx Ltd as owner and administrator of TrueUSD since December 2020.

**What backs TUSD?**

Moore CPA Limited (Moore Hong Kong) runs an automated daily attestation; on 27 October 2026 it showed US$501.93M held against 494.52M TUSD. TrueUSD does not publish a breakdown by asset type.

**Can I redeem TUSD directly?**

Verified customers who pass KYC/AML can redeem from US$1,000 with no TrueUSD fee (bank costs are deducted). There is no service for persons in the United States, and the terms say redemption is not guaranteed.

**Can TUSD be frozen?**

The terms let TrueUSD refuse to issue or redeem tokens linked to suspected blocked property and freeze old tokens when a contract is replaced. They do not describe freezing individual holders’ addresses. On BNB Chain the issuer can freeze an address.

**Is TUSD insured?**

No. The whitepaper says TUSD assets are not insured by any third party or government agency.

## Learn more

- [Who issues TUSD, what backs it and what the issuer can do — ACHIVX Academy](https://achivx.com/academy/issuers/trueusd.html)

## More questions in ACHIVX Academy

- [Is TUSD safe? What TrueUSD's own documents say](https://achivx.com/academy/issuers/is-tusd-safe.html)
- [Can TrueUSD freeze TUSD?](https://achivx.com/academy/issuers/can-tusd-be-frozen.html)
- [Which stablecoins can be frozen, and by whom?](https://achivx.com/academy/how-it-works/which-stablecoins-can-be-frozen.html)
- [Which stablecoins can be frozen on each network, and how large is each record?](https://achivx.com/academy/how-it-works/which-stablecoins-can-be-frozen-on-each-network.html)
- [How do the stablecoins compare — nine on ACHIVX Stablecoin Scanner and seven more?](https://achivx.com/academy/issuers/how-do-the-issuers-compare.html)

## Sources

- [TrueUSD — Terms of Use (11 Jan 2024)](https://app.tusd.io/terms-of-use)
- [TrueUSD — White Paper (2 Feb 2026)](https://tusd.io/docs/trueusd-white-paper-202602.pdf)
- [TrueUSD — Transparency](https://tusd.io/transparency)
- [Chainlink — TUSD Reserves feed (Ethereum)](https://data.chain.link/feeds/ethereum/mainnet/tusd-por)
- [TrueUSD — Home page, FAQ and contract list (read 27 Oct 2026)](https://tusd.io/)
- [TrueUSD — About / milestones (read 27 Oct 2026)](https://tusd.io/about)
- [Moore CPA Limited — VeriNumus TrueUSD real-time reserves widget and snapshot API (27 Oct 2026)](https://widget.verinumus.io/v1/tusd)
- [Singapore High Court — Finaport Pte Ltd v Techteryx Ltd [2024] SGHC 329 (27 Dec 2024)](https://www.elitigation.sg/gd/s/2024_SGHC_329)

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Page updated: 2026-10-29

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Source: https://revain.org/coins/tusd/