Tori trUSD (trUSD) is a crypto-backed US dollar stablecoin. It has about $72.3M in circulation, ranking #62 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is trUSD?
Tori trUSD (trUSD) is a crypto-backed US dollar stablecoin. It has about $72.3M in circulation, ranking #62 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: trUSD is a crypto-native synthetic dollar issued by Tori Finance that provides an embedded, performance-based yield and targets price stability through delta-neutral trading positions.
trUSD supply history
trUSD supply grew 9.0% over the past 30 days, to $72.3M. Its peak was $78.0M in October 2026, and supply is 7% below that high.
Is trUSD holding its peg?
trUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where trUSD lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all trUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How trUSD is backed
trUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: Whitelisted users deposit eligible collateral with Tori Finance to mint trUSD, and redeem trUSD for collateral. Stability is targeted through delta-neutral hedging of the backing positions across trading venues.
Reserve reports and audits: github.com
trUSD risks
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
trUSD vs USDT and USDC
Similar crypto-backed stablecoins
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trUSD FAQ
What is trUSD?
Tori trUSD (trUSD) is a crypto-backed US dollar stablecoin. It has about $72.3M in circulation, ranking #62 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is trUSD pegged 1:1 to the US dollar?
trUSD targets 1 USD. At the last update it traded at $0.9981, a deviation of -0.19%, which we classify as "on peg".
What backs trUSD?
trUSD is a crypto-backed stablecoin. trUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is trUSD on?
trUSD is live on 1 blockchain. The largest by supply are Ethereum ($72.5M).
How much trUSD is in circulation?
About $72.3M of trUSD was in circulation at the last update, +9.0% over 30 days. That makes it the #62 stablecoin by supply among those we track.
Is trUSD safe?
No stablecoin is risk-free. As a crypto-backed design, trUSD's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.