TrueUSDTUSD
A US-dollar stablecoin owned by Techteryx since 2020, whose reserves were tied up in a Dubai commodities fund.
The short version
TrueUSD is a US-dollar stablecoin launched by TrustToken in March 2018 and owned by Techteryx Ltd since 2020. Techteryx says about US$456M of reserves went to Aria Commodities DMCC in Dubai in 2021-22 instead of a Cayman fund; a Dubai court's 17 Oct 2025 judgment kept a US$456M worldwide freeze and Justin Sun lent money to cover the gap. The SEC settled charges against the former issuers in Sep 2024. On 31 Oct 2026 one TUSD cost C$1.39. From 31 Jul 2026 to 31 Oct 2026 its price changed -0.3% in Canadian dollars, and it was 33.9% below its all-time high of C$2.11 set on 26 Aug 2018.[1]
Facts checked 2 Nov 2026 · 16 sources · next update about 1 Dec 2026
Price, past year
Past year: high C$1.66 (8 May 2026) · low C$1.35 (29 Jan 2026) · -0.8%[1]
Month-end prices (table)
| Date | C$ | US$ |
|---|---|---|
| 31 Oct 2026 | C$1.39 | US$0.9974 |
| 30 Sep 2026 | C$1.42 | US$0.9996 |
| 31 Aug 2026 | C$1.38 | US$0.9982 |
| 31 Jul 2026 | C$1.40 | US$0.9956 |
| 30 Jun 2026 | C$1.42 | US$0.9980 |
| 31 May 2026 | C$1.38 | US$0.9986 |
| 30 Apr 2026 | C$1.36 | US$0.9992 |
| 31 Mar 2026 | C$1.39 | US$0.9979 |
| 28 Feb 2026 | C$1.36 | US$0.9986 |
| 31 Jan 2026 | C$1.37 | US$1.01 |
| 31 Dec 2025 | C$1.37 | US$0.9969 |
| 30 Nov 2025 | C$1.39 | US$0.9965 |
Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.
Choose what to see
Key facts
- Price, 31 Oct 2026
- C$1.39[1]
- 3-month change
- -0.3% in C$ (31 Jul 2026 to 31 Oct 2026)[1]
- From its high
- 33.9% below its high of C$2.11 (26 Aug 2018)[1]
- Market rank
- #108, market value about C$689.4M[1]
- Kind
- Stablecoin · Ethereum (ERC-20, upgradeable proxy) and Tron (TRC-20); smaller amounts on BNB Chain, Avalanche and others
- Started
- March 2018
Checks: the same 9 questions for every coin
Facts, not a ratingEach answer is a fact with a source, not a score. What each check means.
Who controls it
- Owner
- Techteryx Ltd, which acquired TUSD in 2020; Dubai court filings list Justin Sun as an alleged ultimate beneficial owner[9]
- Admin powers
- The owner can mint, blacklist addresses and destroy blacklisted funds; the Ethereum and Tron contracts are upgradeable proxies[2, 10]
- Former issuers
- TrueCoin LLC and TrustToken Inc. settled SEC charges on 24 Sep 2024: US$163,766 penalty each, US$340,930 disgorgement[8]
Supply
- In circulation
- 494.52M TUSD[1]
- Maximum supply
- None set[1]
- Outstanding
- US$483.7M on 2 Nov 2026: Ethereum US$313.0M, Tron US$168.3M; unchanged from a month earlier[5]
- Attestation
- Daily on-chain attestation by Moore Hong Kong (engaged Dec 2023) plus a Chainlink proof-of-reserve feed; no reserve breakdown published[3, 6]
- Reserve dispute
- About US$468M was sent for a Cayman fund in 2021-22; US$456M went to Aria Commodities DMCC, per Techteryx[9]
- Concentration
- The top three Ethereum addresses hold 81% of the Ethereum supply (1 Nov 2026)[11]
Use and fees
- Main use
- Dollar transfers and DeFi collateral; minting and redemption are fee-free for verified customers, US$1,000 minimum redemption[3]
- Reserve income
- Kept by the issuer to cover costs; no interest is paid to holders[6]
- Rating
- S&P Global kept TUSD's stability assessment at 5, its lowest, on 5 Aug 2026[12]
Trading
History
Not a forecastCoins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins
39% were higher a year later[14]
- Typical result
- Median -25% after a year; 45% higher after two years
- Lost half or more
- 38% within a year
- Against Bitcoin
- 12% did better than Bitcoin over the year
History, not a forecast.
Red flags and things to watch
1 red flag found- Red flag: The owner can blacklist any address and destroy its TUSD (setBlacklisted, destroyBlackFunds); no regulator licence or published freeze policy was found.[2, 3, 6]
- A Dubai court's 17 Oct 2025 judgment kept a worldwide freeze on US$456M held by Aria Commodities DMCC; a four-day committal hearing was set for 26 Oct 2026.[9, 12]
- Techteryx sued First Digital Trust's CEO in Hong Kong over the reserve transfers; First Digital says it acted only on Techteryx's instructions.[15]
- The SEC's Sep 2024 complaint said 99% of TUSD reserves were in a speculative offshore fund; the case settled the same day.[8]
- Techteryx's court filings say US$456M of reserves went to Aria; on 2 Nov 2026 the proof-of-reserves feed reported US$501.9M of reserves against 494.5M TUSD.[9, 16]
Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.
Sources and dates
- CoinGecko market data, 31 Oct 2026
- Blockscout (TrueUSD implementation contract), 2 Nov 2026
- TrueUSD website, 2 Nov 2026
- GoPlus token security (Ethereum), 1 Nov 2026
- DefiLlama stablecoins, 2 Nov 2026
- TrueUSD white paper, 2 Feb 2026
- DefiLlama hacks list, 2 Nov 2026
- SEC press release 2024-145, 24 Sep 2024
- Decrypt (Dubai freezing order), 12 Nov 2025
- GoPlus token security (Tron TUSD), 1 Nov 2026
- GoPlus token security (Ethereum TUSD), 1 Nov 2026
- CoinMarketCap AI updates (TUSD), Nov 2026
- Bank of Canada USD/CAD rate, 31 Oct 2025
- CoinIvy history data: CoinMarketCap weekly rankings 2013-2026, dead coins included
- The Block (First Digital dispute), 2 Apr 2025
- Chainlink proof-of-reserve API (TrueUSD), 2 Nov 2026
Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.