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Deployments · platform by Techteryx

TrueUSD (TUSD) dollar stablecoinNew

A fiat-collateralised US dollar stablecoin, in circulation since 2018 and owned since December 2020 by Techteryx, a British Virgin Islands company that bought the business from TrueCoin. Verified customers mint and redeem by bank wire, and the issuer publishes daily reserve attestations. About $456 million of reserves that its trustees placed in 2021-22 went to a Dubai trading company instead of the intended fund; Techteryx is suing in Hong Kong and won a worldwide freezing order in Dubai's DIFC courts in February 2025. About $484 million was in circulation in October 2026, mostly on Ethereum and TRON.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (scaled) since 5 Jan 2019[1] — First supply in DefiLlama's series; openly held and traded on many exchanges. · Reviewed 14d ago

Assets
Stablecoin[3]
Fiat-collateralised US dollar stablecoin
Networks
Ethereum Public, permissionless[2][1]
TRON Public, permissionless[2][1]
BNB Chain Public, permissionless[2][1]
Avalanche Public, permissionless[2][1]
Polygon Public, permissionless[2]
Bridged copy.
Arbitrum Public, permissionless[2]
Bridged copy.
Cronos Public, permissionless[2]
Bridged copy.
Optimism Public, permissionless[2]
Bridged copy.
Use cases
Primary issuance[1]Payments[3]
Jurisdictions
British Virgin Islands

Participants

Assets

Data feeds

  • Proof of reservesChainlink LabsProof of ReserveEthereum[3]The white paper points to Chainlink's TUSD proof-of-reserve feed on Ethereum.

Metrics

  • ~$484.48mTokens in circulation · as of 22 Oct 2026[1]
    On-chain via DefiLlama; sum of its per-chain balances (includes small balances on Fantom, NEAR, Syscoin and others without a contract on the issuer's list).
  • ~$313.43mTokens in circulation · as of 22 Oct 2026 · on Ethereum[1]
    On-chain via DefiLlama.
  • ~$168.51mTokens in circulation · as of 22 Oct 2026 · on TRON[1]
    On-chain via DefiLlama.
  • ~$878,683Tokens in circulation · as of 22 Oct 2026 · on BNB Chain[1]
    On-chain via DefiLlama.
  • ~$845,724Tokens in circulation · as of 22 Oct 2026 · on Avalanche[1]
    On-chain via DefiLlama.
  • ~$484.48mSupply on chain (daily) · as of 7 Nov 2026[9]
    Automated daily reading of on-chain supply across all chains.
  • ~$878,683Supply on chain (daily) · as of 7 Nov 2026 · on BNB Chain[9]
    Automated daily reading.
  • ~$313.44mSupply on chain (daily) · as of 7 Nov 2026 · on Ethereum[9]
    Automated daily reading.
  • ~$174,708Supply on chain (daily) · as of 7 Nov 2026 · on Polygon[9]
    Automated daily reading.
  • ~$845,724Supply on chain (daily) · as of 7 Nov 2026 · on Avalanche[9]
    Automated daily reading.
  • ~$164,752Supply on chain (daily) · as of 7 Nov 2026 · on Arbitrum[9]
    Automated daily reading.
  • ~$168.51mSupply on chain (daily) · as of 7 Nov 2026 · on TRON[9]
    Automated daily reading.

Timeline

  1. Happened 1 Sep 2026 · Announcement · recorded 22 Oct 2026
    The DIFC court adds Aria's principal Matthew Brittain and Aria Bio Industries as parties, orders disclosure of his legal-fee funding and sets a committal hearing for 26 October 2026; tracing of the transfers is left to the Hong Kong courts.[5]
  2. Happened 17 Oct 2025 · Announcement · recorded 22 Oct 2026
    The DIFC court continues the worldwide freezing order, finding serious issues to be tried on a constructive trust claim; the reserve shortfall had been covered for token holders by a backer of Techteryx.[7]
  3. Happened 28 Feb 2025 · Announcement · recorded 22 Oct 2026
    Dubai's DIFC Digital Economy Court grants Techteryx a proprietary injunction and a worldwide freezing order of up to $456 million against Aria Commodities DMCC.[4]
  4. Happened Feb 2023 (month only) · Announcement · recorded 22 Oct 2026
    Techteryx sues in Hong Kong (HCA 161/2023) against First Digital Trust, the adviser Finaport, the Aria Commodity Finance Fund and Aria Commodities DMCC over about $456 million of reserves sent to the Dubai company rather than the fund; a second action (HCA 1906/2023, November 2023) concerns an earlier $97 million tranche.[4][6]
  5. Happened Dec 2020 (month only) · Participant joined · recorded 22 Oct 2026
    Techteryx buys the TrueUSD business from TrueCoin; the reserves move from Legacy Trust to its affiliate First Digital Trust, and TrueCoin keeps running the business under a services agreement until July 2023.[6]
  6. Happened 5 Jan 2019 · Launch · recorded 22 Oct 2026
    First TUSD supply in DefiLlama's data (the coin itself dates from 2018).[1]

Sources

  1. [1]TrueUSD stablecoin data (API) — DefiLlama, 22 Oct 2026. Accessed 22 Oct 2026. DefiLlama classes the peg mechanism as fiat-backed..A
  2. [2]TUSD — TrueUSD. Accessed 22 Oct 2026. Natively deployed and bridged networks with contract links; minting and redemption FAQ..B
  3. [3]TrueUSD: A Tokenized Version of the US Dollar — TrueUSD, 2 Feb 2026. Accessed 22 Oct 2026.B
  4. [4]DEC 001/2025 Techteryx Ltd v (1) Aria Commodities DMCC (2) Mashreq Bank PSC (3) Emirates NBD Bank PJSC (4) Abu Dhabi Islamic Bank PJSC — DIFC Courts, 21 May 2025. Accessed 22 Oct 2026. Reasons for the order of 16 May 2025: background of the claim, the 28 Feb 2025 freezing order (USD 456m), and the Hong Kong actions HCA 161/2023 and HCA 1906/2023..A
  5. [5]DEC 001/2025 Techteryx Ltd v (1) Aria Commodities DMCC (2) Matthew William Brittain (3) Mashreq Bank PSC (4) Emirates NBD Bank PJSC (5) Abu Dhabi Islamic Bank PJSC (6) Aria Bio Industries FZE — DIFC Courts, 1 Sep 2026. Accessed 22 Oct 2026.A
  6. [6]Techteryx Ltd v Legacy Trust Company Limited and others, HCA 1906/2023, [2025] HKCFI 665 — High Court of Hong Kong (copy hosted by NewYorkConvention.org), 11 Feb 2025. Accessed 22 Oct 2026. Court of First Instance decision of 11 Feb 2025 on jurisdiction over TrueCoin; its background section describes the acquisition and the reserve transfers..A
  7. [7]Dubai Court Freezes $456M Linked to Justin Sun's Bailout of TrueUSD Issuer Techteryx — CoinDesk, 12 Nov 2025. Accessed 22 Oct 2026.C
  8. [8]TUSD — TrueUSD. Accessed 6 Nov 2026.B
  9. [9]Supply by chain, read daily — DefiLlama (automated daily refresh). Accessed 7 Nov 2026.A

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