How to Convert TUSD to BTC
As a versatile cryptocurrency exchange, Rubix lets users easily buy, sell, and manage a wide range of digital assets. The enterprise-grade security, coupled with the unique trading tools, make Rubix a great platform for managing your TUSD portfolio and converting them to BTC and other coins. Purchase cryptocurrencies and keep track of major trends through one simple application.
About TUSD & BTC
What is TrueUSD?
TrueUSD (TUSD) is an ERC-20 token that is issued on Ethereum. It is also one of the first regulated stablecoins fully backed by the U.S. dollar (which means it attempts to maintain a 1:1 ratio with the US dollar). Developed by a team of financial experts in San Francisco, the overarching goal of TUSD was to create a cryptocurrency that would not undergo extreme changes in value.
The digital asset was first launched in 2018 on TrustToken, a collateralized platform aimed at tokenizing real assets. In late 2020, there were over 280 million TUSDs in circulation — since the supply is uncapped, the amount will continue to change based on demand.
What is Bitcoin?
Bitcoin (BTC) is a decentralized, digital currency developed in 2009 by an unknown persona who goes by the pseudonym Satoshi Nakamoto. Since it is not issued by a centralized authority, (such as the government or a bank), BTC can be bought, sold, and traded without any third-party interference. Thus, the value is extremely volatile — as of early 2022, one BTC is equivalent to over $40,000.
While some digital assets are uncapped, Bitcoin maintains a strict supply limit of 21 million. After BTC are released and traded, the transactions are verified by a computing process known as mining. All creations, distributions, and transactions are completed using a decentralized ledger system called a blockchain.
Convert TUSD to BTC using Rubix
TrueUSD is available on most major exchanges and eligible for trading on Rubix. After accumulating TUSD in your account, you may keep it or use it to make purchases and exchanges. Those who are interested in diversifying their cryptocurrency portfolio may want to trade TUSD for another digital asset, such as Bitcoin. Rubix lets you quickly send cryptocurrency to other users and supports bank transfers. Furthermore, it secures all your data and funds. Every user can benefit from easy portfolio management, coin exchanges and transfers.