TrueUSD (TUSD): collateral, risks and reviews

Reserve-backed stablecoinUS dollar · Techteryx

Visitor ratings: do you like TUSD?

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, 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.

Minting and redeeming directly with the issuer — TUSD
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

Networks where the issuer issues TUSD
Network	Contract address
Ethereum	0x0000000000085d4780b73119b644ae5ecd22b376
TRON	TUpMhErZL2fhh4sVNULAbNKLokS4GjC1F4
BNB Smart Chain	0x40af3827f39d0eacbf4a168f8d4ee67c121d11c9
Avalanche	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

Contracts by network — TUSD, Stablecoin scanner ACHIVX
Network	Contract address	Token	Issuer can
BNB Chain	0x40af3827f39d0eacbf4a168f8d4ee67c121d11c918 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

Sources

Similar stablecoins

How voting works

Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.

Page updated: 2026-10-29