What Is TrueUSD?
TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin which provides its token holders regular attestations of escrowed balances, full collateral and legal protection against the misuse of underlying USD.
TrueUSD can be redeemed one-for-one for US dollars and was created with several use cases in mind. These include financial services, making it possible to enter into a crypto market for immediate exposure to ETH or BTC; Exchanges where TrueUSD offers a stable coin which can be trusted to its users; Crypto Traders as it gives hedge against volatility in the entire crypto market and; Commerce where salaries, loans, escrow, and purchases are enabled through the stability of price and by enabling the mainstream adoption of cryptocurrencies. There are many reasons therefore why TrueUSD has become an in-demand payment method.
Payment service providers with the technological know-how can connect you to their platform using a TrueUSD payment API which will enable you to integrate and accept TrueUSD payments on your website. This API works by connecting a business’s checkout system to a payment acquiring network, allowing customers to complete a transaction for purchases directly on your website.
It is also possible to use this kind of payment infrastructure to enable payments via a mobile app. The benefit of doing so provides access to real-time purchasing data which allows a business to make more informed decisions which is all-important when planning ahead.
Accepting TrueUSD payments on your website makes great business sense as you will be best placed to take advantage of the growing trends, as well as taking potential future consumers into account. By providing TrueUSD as a payment option, you also have a good way of differentiating your business from the competition. Getting started is a straightforward procedure and the popularity and growth of TrueUSD as a payment method makes integrating a merchant account a serious business proposition. All is needed is a brief initial set up, then you’re ready to start accepting TrueUSD.
How to Get Started
Gateway Integration, Merchant API, Payment Button
Plisio service allows you easily to get payments in the most popular cryptocurrencies, including TrueUSD. And to make operations easier, all received payments are automatically calculated in EUR / USD or in TrueUSD, depending on the parameters you set.
To integrate our payment gateway on your site, choose:
- One of the ready-made Plisio integrations for e-commerce content management systems or web-billing platforms
- API for a developer that can be customized for any website and other platforms
- Payment buttons for accepting donations or simple payments (for example, if you sell only one or a few products)
To start accepting TrueUSD, as well as Ethereum, Litecoin and other cryptocurrencies, first sign up. Then create API credentials if you are going to use our e-commerce plug-ins or APIs. If not, just create your payment button.
To keep all payments received in a cryptocurrency (i.e. receive payments in TrueUSD) on Plisio, verification is not required.
Accept Cryptocurrency Payments in 4 Simple Steps
Frequently Asked Questions
TrueUSD (TUSD) is a stablecoin, meaning its value is pegged to the US dollar. The idea behind stablecoins is to provide a cryptocurrency with reduced volatility, as its value is stable and pegged to a fiat currency or a basket of assets. In the case of TUSD, each TUSD token is backed by a US dollar held in escrow, providing users with a stable and trustable store of value. TUSD is designed to make it easy for individuals and businesses to transact with cryptocurrencies, as it eliminates the need for them to worry about the price fluctuations that typically occur in the cryptocurrency market.
You can buy TrueUSD (TUSD) on a cryptocurrency exchange that supports the token. Some popular exchanges that offer TUSD trading include Binance, Huobi Global, OKEx, and BitMax. To purchase TUSD, you will first need to set up an account on one of these exchanges, pass their verification process, and deposit funds into your exchange wallet. Once you have funds in your account, you can place an order to buy TUSD. The exact steps to purchase TUSD will vary depending on the exchange you are using, so be sure to consult their user guides and support resources.
To accept TrueUSD donations, you can use a cryptocurrency payment gateway like Plisio that supports TrueUSD. Here are the steps to set up TrueUSD donations using Plisio:
- Create an account with Plisio (if you haven't already).
- Go to your Plisio dashboard and click on "Create Payment" button.
- Enter the details of your donation, including the amount in TrueUSD that you want to receive, and any other relevant information.
- Select "TrueUSD" as the cryptocurrency that you want to accept.
- Copy the generated payment button or payment link and add it to your website or social media account to receive donations.
Once a donor makes a donation, you will receive the donated amount in your TrueUSD wallet associated with your Plisio account.
Start Accepting TrueUSD
Connect to Plisio and start accepting TrueUSD in your store, ICO or other platform today.
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