TrueUSD is a USD-backed stablecoin that is 100% collateralized by USD in legally protected escrow accounts, and utilizes multiple bank partners, and allows users to trade, send, and receive payments without having to worry about price volatility. The Tether alternative is beginning to gain traction as the TUSD bank account holdings are published daily and subject to monthly professional audits. The team behind the project also regularly undergo independent third-party evaluations by leading auditors, to ensure best security practices.