STRICT-Score
Max. Potenzial
1x
Potenzieller Ertrag
Wahrscheinlichkeit
0%
Erfolgschance
Risikoniveau
9/10
Hohes Risiko
Marktkapitalisierung
$493.67M
Volumen
$7.32M
STRICT-Score Aufschlüsselung
Unser proprietäres Bewertungssystem evaluiert Projekte anhand von 6 Schlüsseldimensionen.
Analyseübersicht
Analyseübersicht
TrueUSD (TUSD) is a USD-pegged stablecoin launched in March 2018 that pioneered daily real-time reserve attestations through independent third-party auditors. As of December 2025, TUSD has a market cap of approximately $492 million with circulation across 12 blockchain networks including Ethereum, TRON, Avalanche, BSC, and Polygon. Attestations are provided by Moore Hong Kong and Chainlink Proof of Reserve. However, TUSD faces severe controversies: a $456 million reserve freeze ordered by Dubai courts, SEC fraud settlement in September 2024 with $700K in penalties, S&P Global's lowest stability rating (5/5 - "weak"), and delisting from European exchanges in March 2025 under MiCA regulations due to non-compliance.
Wettbewerbsposition
TUSD occupies a distant third-tier position in the stablecoin market with just 0.16% market share ($493M) compared to USDT ($138B, 65% share) and USDC ($42B, 20% share). While TUSD pioneered daily attestations versus USDC's monthly audits, this transparency edge has been destroyed by reserve mismanagement revelations. The SEC established that TUSD's backing claims were fraudulent, with reserves secretly invested in risky offshore funds rather than USD equivalents. S&P Global rated TUSD's governance and asset quality as weak, with the assessment noting "public information about Techteryx's ownership or other activities is scarce." The token is now excluded from the entire European market under MiCA regulations alongside non-compliant peers like USDT, FDUSD, and DAI.
Fazit
TrueUSD represents a cautionary tale of how transparency innovations cannot compensate for fundamental governance failures. Despite pioneering daily attestations and multi-chain infrastructure, TUSD has suffered catastrophic credibility damage from the $456M Dubai court freeze, SEC fraud settlement, S&P's lowest stability rating, and European delistings. The revelation that 99% of reserves were invested in speculative offshore funds rather than USD equivalents confirms material misrepresentation. Users should choose USDC for regulatory compliance or USDT for liquidity - TUSD's ongoing legal disputes and reserve uncertainties make it unsuitable for most stablecoin use cases.
Stärken
- First stablecoin with daily real-time reserve attestations via Moore Hong Kong and Chainlink Proof of Reserve integration
- Multi-chain availability across 12 networks (Ethereum, TRON, Avalanche, BSC, Polygon, Fantom) with 100+ exchange listings
- Statutory digital currency status in Commonwealth of Dominica since October 2022
- Zero fees for minting and redemption - more cost-effective than competitors
Risiken
- Dubai Digital Economy Court worldwide freeze on $456M reserves (October 2025) - first global crypto freezing order from that court
- SEC fraud settlement September 2024: TrueCoin and TrustToken paid $700K in penalties for misrepresenting reserve backing
- S&P Global assigned lowest stability score (5/5
- ) in November 2024 - reserves described as
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STRICT-Score
Bewertung: 35/100 | Potenzial: 1x
Verwandte im gleichen Sektor - Stablecoin
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Haftungsausschluss: Diese Analyse dient nur zu Informationszwecken und sollte nicht als Finanzberatung betrachtet werden. Führen Sie immer Ihre eigene Recherche durch, bevor Sie Anlageentscheidungen treffen. Investitionen in Kryptowährungen sind volatil und mit erheblichen Risiken verbunden.