About TUSD
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TrueUSD provides its token holders regular attestations of escrowed balances, full collateral, and also the legal protection against misappropriating underlying USD. The team believes that TrueUSD will be able to come up with the stable trading instrument for the traders of cryptocurrency that has been long-awaited. This will allow the businesses and consumers to use the digital currency as a medium of an exchange. The goal of the TrueUSD team was to build a coin that is stable and which can be used and trusted by them too. TrustToken is a platform that creates the tokens backed by assets that can easily be purchased and sold all around the world. The first asset token of TrustToken is TrueUSD, which is a stable coin and can be redeemed 1-for-1 for US dollars. TrustToken have partnered with registered fiduciaries and banks for holding the funds securely backed by TrueUSD tokens. To increase the amount of security, fiduciaries, and banks directly handle all the funds. Escrowed funds do not give access to the TrueUSD system.
TrueUSD works with various trust companies which already manage around billions of dollars. Just pass an AML/KYC check, send USD to a trust company with an agreement of escrow. When the funds get verified, their API tells the smart contract of TUSD to mint an equal amount of TUSD to your public <a href="https://www.coingecko.com/en/coins/ethereum">Ethereum</a> address.
The USD funds are regularly verified in scheduled attestations by a very much trusted auditing firm. USD funds are kept safely in a third party account, that is escrow accounts, wherein TrustToken does not hold any direct access to the funds and cannot abscond with them even if they wish to. The token burning and minting system makes sure that every TUSD token is backed by 1 USD.
A mandatory check of AML/KYC makes sure that TUSD keeps shady people away from the entire project. TUSD makes faster transactions in low transaction fees. Even though TUSD is a unique offering, it is most likely overshadowed by its bigger competitors - Tether. While TUSD arguably offers more security and features, it may be losing the marketing battle. This is not to say that the situation will remain the same. With more crypto investors joining the market every day, the good times for TUSD may be on their way.
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Laser Scorebeta Last Audit: 8 July 2022
Anti-Scam
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Modifier TransparentUpgradeableProxy.ifAdmin() (#366-372) does not always execute _; or revert
All the paths in a modifier must execute _ or revert.
Additional information: link
TransparentUpgradeableProxy.constructor(address,address,bytes)._admin (#346) shadows:
- TransparentUpgradeableProxy._admin() (#439-445) (function)
BEP20UpgradeableProxy.constructor(address,address,bytes).admin (#475) shadows:
- TransparentUpgradeableProxy.admin() (#383-385) (function)
Rename the local variables that shadow another component.
Additional information: link
TransparentUpgradeableProxy.upgradeToAndCall(address,bytes).newImplementation (#429) lacks a zero-check on :
- (success) = newImplementation.delegatecall(data) (#432)
UpgradeableProxy.constructor(address,bytes)._logic (#255) lacks a zero-check on :
- (success) = _logic.delegatecall(_data) (#260)
Check that the address is not zero.
Additional information: link
Proxy._delegate(address) (#23-43) uses assembly
- INLINE ASM (#25-42)
Address.isContract(address) (#114-123) uses assembly
- INLINE ASM (#121)
Address._functionCallWithValue(address,bytes,uint256,string) (#207-228) uses assembly
- INLINE ASM (#220-223)
UpgradeableProxy._implementation() (#280-286) uses assembly
- INLINE ASM (#283-285)
UpgradeableProxy._setImplementation(address) (#301-310) uses assembly
- INLINE ASM (#307-309)
TransparentUpgradeableProxy._admin() (#439-445) uses assembly
- INLINE ASM (#442-444)
TransparentUpgradeableProxy._setAdmin(address) (#450-457) uses assembly
- INLINE ASM (#454-456)
Do not use evm assembly.
Additional information: link
Different versions of Solidity is used:
- Version used: ['^0.6.0', '^0.6.2']
- ^0.6.0 (#5)
- ^0.6.2 (#91)
- ^0.6.0 (#235)
- ^0.6.0 (#317)
- ^0.6.0 (#470)
Use one Solidity version.
Additional information: link
Address._functionCallWithValue(address,bytes,uint256,string) (#207-228) is never used and should be removed
Address.functionCall(address,bytes) (#167-169) is never used and should be removed
Address.functionCall(address,bytes,string) (#177-179) is never used and should be removed
Address.functionCallWithValue(address,bytes,uint256) (#192-194) is never used and should be removed
Address.functionCallWithValue(address,bytes,uint256,string) (#202-205) is never used and should be removed
Address.sendValue(address,uint256) (#141-147) is never used and should be removed
Proxy._implementation() (#49) is never used and should be removed
Remove unused functions.
Additional information: link
Pragma version^0.6.0 (#5) allows old versions
Pragma version^0.6.2 (#91) allows old versions
Pragma version^0.6.0 (#235) allows old versions
Pragma version^0.6.0 (#317) allows old versions
Pragma version^0.6.0 (#470) allows old versions
solc-0.6.4 is not recommended for deployment
Deploy with any of the following Solidity versions: 0.5.16 - 0.5.17, 0.6.11 - 0.6.12, 0.7.5 - 0.7.6 Use a simple pragma version that allows any of these versions. Consider using the latest version of Solidity for testing.
Additional information: link
Low level call in Address.sendValue(address,uint256) (#141-147):
- (success) = recipient.call{value: amount}() (#145)
Low level call in Address._functionCallWithValue(address,bytes,uint256,string) (#207-228):
- (success,returndata) = target.call{value: weiValue}(data) (#211)
Low level call in UpgradeableProxy.constructor(address,bytes) (#255-263):
- (success) = _logic.delegatecall(_data) (#260)
Low level call in TransparentUpgradeableProxy.upgradeToAndCall(address,bytes) (#429-434):
- (success) = newImplementation.delegatecall(data) (#432)
Avoid low-level calls. Check the call success. If the call is meant for a contract, check for code existence
Additional information: link
Unable to find audit link on the website
Token is not listed at Mobula.Finance
Additional information: link
Price for TUSD
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