TrueUSD

TrueUSD (TUSD) is a US dollar stablecoin issued by Techteryx, whose reserves were hit by a $456 million shortfall now tied up in court.

TrueUSD is a stablecoin meant to be worth one US dollar and backed by dollar reserves. Verified customers can mint and redeem it for dollars by wire transfer, with a $1,000 minimum and no fee. It runs on Ethereum, TRON, BNB Smart Chain, Avalanche and other networks, and its issuer says reserves are attested daily by Moore Hong Kong.

TUSD was created by TrustToken and sold to Techteryx in December 2020. In 2024 its former owners settled SEC charges that they had marketed it as fully backed while reserves sat in a risky offshore fund. About $456 million of reserves later became stuck in Dubai-based Aria entities; Justin Sun covered the gap, and a Dubai court froze $456 million in November 2025.

About 494.5 million TUSD circulated in October 2026. The issuer pays holders no interest but may earn returns on the reserves.