Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
TrueUSD is the first USD-pegged stablecoin to deploy daily attestations for its underlying reserves by independent third-party institutions, ensuring transparency and trust.
TrueUSD (TUSD) is a fully collateralized USD stablecoin that pioneered daily attestations of its reserves. Each TUSD token is backed 1:1 with US dollars held in escrow accounts, providing users with a transparent and reliable digital asset.
TUSD utilizes advanced auditing and attestation mechanisms to enhance transparency. Its daily audit reports are available on the website, allowing users to monitor the reserves at any time.
TrueUSD is the first stablecoin to utilize smart contracts for minting/redemption via real-time on-chain verification of underlying reserve coverage, supported by Moore Hong Kong, a global leading accounting firm, and Chainlink Proof of Reserve.
First stablecoin with daily third-party attestations of reserves
Available on Ethereum, BNB Chain, TRON, and Avalanche
Real-time on-chain verification of reserve coverage
Permissible for use in accordance with Shariah principles
TUSD can be used for Shariah-compliant transactions as long as it adheres to the principles of currency exchange (bay' al-sarf), including immediate possession and equal counter-values when exchanged with other currencies.
| Reserve Assets | US Treasury Bills, First Digital Trust Limited, US Dollars Cash |
|---|---|
| Yield Source | N/A |
| Launched | 2018 |
| Networks | Ethereum, BNB Chain, TRON, Avalanche |
Established in 2018
TrueUSD enhances its legitimacy by being the first USD-pegged stablecoin to implement daily attestations of its reserves, verified by independent third-party institutions like Moore Hong Kong. This commitment to transparency, combined with real-time on-chain verification through Chainlink Proof of Reserve, establishes a high level of trust and reliability in the stablecoin ecosystem.
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