TrueUSD (TUSD) is a stablecoin pegged to the US dollar. It is based on the Ethereum blockchain and is the first asset-backed stablecoin that can be completely collateralized by real US Dollars. It is built on the TrustToken platform and uses the Ethereum ERC-20 standard. The main advantage of TrueUSD is that it provides a more reliable way for users to store their value without facing the volatility of the crypto market.

As for the current ranking of TUSD, it is currently ranked at the 74th position (as of July 20th, 2020) on the CoinMarketCap website. This ranking is based on the market capitalization value of TUSD, which currently stands at $403,908,443 USD. This market capitalization value is also referred to as the currency’s “market cap”.

Even though TUSD has dropped slightly in market cap since its launch, the currency has still maintained its position in the top 100 coins on CoinMarketCap since its launch over two years ago. With its asset-backed nature, low volatility, and wide acceptance among exchanges, TUSD is expected to remain one of the top stablecoins for the foreseeable future.

TrueUSD is also available on several exchanges. These include Binance, Huobi, and HitBTC. In addition, the currency is also supported by influential crypto wallets such as MyEtherWallet, MyCrypto, and Coinbase Wallet. By being accepted by reputable exchanges and wallets, TUSD is able to expand its reach to both retail and institutional holders. This positions TrueUSD as a strong alternative to fiat-backed stablecoins.

Overall, TUSD is a reliable stablecoin that strives to provide a more secure way of storing value compared to other crypto assets. Furthermore, it is currently holding a solid position within the top 100 coins on CoinMarketCap. Finally, TUSD is accepted on several exchanges and wallets, further expanding its reach to both retail and institutional holders.