TrustToken, a platform to build asset-backed digital currencies, launched TrueUSD (TUSD) in 2018 to meet the rising demand for stable cryptocurrencies, or stable coins . It was created as a more transparent and trustworthy alternative to other stablecoins such as the USDT. TUSD is a dollar-backed cryptocurrency, meaning that every digitally existing TUSD is backed by a real-life U.S. dollar. The dollar backing of TUSD helps it maintain a value equal to one USD.

Due to its stable price, TUSD has become one of the most widely accepted cryptocurrency among cryptocurrency traders. Only two months after its launch in 2018, the market capitalisation of TUSD grew to more than $12 million. Its demand has grown exponentially in the last two years, and its circulating supply and market capitalisation have reached more than $290 million.