TUSD

What Does TUSD Mean in a Text?

Trading in Crypto

TikTok is rammed with get-rich-quick schemes based on the cryptocurrency market. However, despite all the innovation and potential for long-term growth with cryptocurrency, the market remains highly volatile. Yes, this offers the potential for high returns quickly, but it also means lightning-fast losses are also a possibility. If you're planning to trade, get familiar with the cryptocurrency terms, do your own research, and know the risks. Here is the term you're looking for:

TUSD means "True US Dollar Cryptocurrency."

More Observations...

TUSD is a cryptocurrency stablecoin, the value of which is pegged to the US dollar (USD) at the rate of one TUSD token to one USD. TUSD is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. It is not issued by the US government, but TUSD tokens can be changed back to USD at any time. TUSD is an alternative to other USD backed cryptocurrencies, such as USDC Coin (USDC) and Tether (USDT).

Image for TUSD

When I write TUSD, I mean this:

"True US Dollar Cryptocurrency"

Summary of Key Points

"True US Dollar Cryptocurrency" is, by far, the most common meaning for TUSD when it is used in a text. (Bear in mind that it could have another meaning if used in a different context.)