Bubble
TrueUSD TUSD
TrueUSD (TUSD) was trading at $1.00, ranked #101 by market cap at $492.13M, with 24h volume of $18.71M.
Data snapshot: 2026-08-03 09:00 UTC.
TUSD is a fiat-collateralized stablecoin aiming for 1:1 backing by US dollar reserves, with attestations historically published to show reserve holdings. It was one of the earlier independently-attested dollar stablecoins to launch after USDT and USDC, positioning itself on real-time reserve transparency rather than being the largest stablecoin by supply. TUSD is one of the older fiat-backed stablecoins and was an early adopter of on-chain attestations intended to show reserves in close to real time rather than in monthly reports. Its history has included changes of ownership and periods of scrutiny over reserve reporting, and its supply has fluctuated considerably as exchange incentives moved. On this map it is a smaller entry in the stablecoin group; when reading its market cap it is worth remembering that stablecoin supply can expand and contract quickly for reasons that have nothing to do with demand for dollars on-chain.
What was TUSD known for?
Being an early fiat-backed stablecoin and among the first to publish near-real-time on-chain attestations of reserves rather than only periodic reports.
Why has its supply fluctuated so much?
Stablecoin supply responds strongly to exchange incentives and trading-pair promotions, which can move balances quickly without any change in underlying demand.
What should be checked on any fiat-backed stablecoin?
Who holds the reserves, what they are held in, how often they are attested, and whether redemption is available in practice as well as in principle.
Is a smaller stablecoin riskier?
Not automatically, but thinner liquidity means a peg deviation can be harder to arbitrage away quickly.
Market cap decides how big a bubble is drawn, so rank is what places TUSD on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #42 | USDD (USDD) | $1.53B |
| #90 | GHO (GHO) | $697.92M |
| #101 | TrueUSD (TUSD) | $492.13M |
| #111 | EURC (EURC) | $461.23M |
| #123 | First Digital USD (FDUSD) | $333.03M |