
TrueUSD
TUSD#89TrueUSD (TUSD) is a US dollar stablecoin issued by Techteryx, whose reserves were hit by a $456 million shortfall now tied up in court.
- Market cap
- $493.83M
- Volume 24h
- $14.99M
- All-time high
- $1.36
- −26.81% from ATH
- Circulating supply
- 494.52M
Is TrueUSD halal?
Our verdict on 8 Shariah criteria, with confidence, explanations and sources.
- Interest (riba)
- Nature of the asset
- Gambling (maysir)
- Business model
- + 4 more criteria
About 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.
Sources · 6
- TrueUSD white paper (February 2026)
- TrueUSD: official website
- CoinGecko API: TrueUSD
- SEC press release 2024-145 (TrueCoin and TrustToken)
- Justin Sun Bailed Out Techteryx's TUSD as Stablecoin's $456M Reserves Were Stuck in Limbo, Filings Show (CoinDesk)
- Dubai Court Freezes $456M Linked to Justin Sun's Bailout of TrueUSD Issuer Techteryx (CoinDesk)
AI-assisted analysis checked against sources. Not a fatwa or investment advice.
Key facts
- Creator
- TrustToken
- Issuer
- Techteryx
- Consensus
- Hosted by a company
What it is used for
- Dollar trading pair on exchanges
- Moving dollar value between blockchains
- Settlement for verified customers who mint and redeem
Market data
- Market cap
- $493.83MRank #89
- Fully diluted value
- —
- Volume 24h
- $14.99M3.04% of market cap
- Total supply
- 494.52M TUSDIssued so far
- All-time high
- $1.36May 16, 2018 · −26.81%
- All-time low
- —
- Circulating supply
- 494.52M TUSD
- Max supply
- —No fixed cap
Where it trades
6 exchanges from our coverage · no referral links
BinanceCentralized · TUSD/USDTVolume 24h$31.23KReliability6.7Halal productShariah-compliant earn
GateCentralized · TUSD/USDTVolume 24h$10.15Reliability5.9Halal productNo halal product
BingXCentralized · TUSD/USDTVolume 24h$29.2KReliability5.8Halal productNo halal product
WhiteBITCentralized · TUSD/USDTVolume 24h$51.86KReliability5.7Halal productNo halal product
BitgetCentralized · TUSD/USDTVolume 24h$2.76KReliability5.0Halal productNo halal product
MEXCCentralized · TUSD/USDTVolume 24h$6.41KReliability4.7Halal productNo halal product
No exchanges match this filter
Listings as of Oct 13, 2026
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