TrueUSD Releases Monthly Report Showing Circulating Supply and Dollar Reserves

According to Odaily, TrueUSD has released its monthly report. As of May 31, the circulating supply stood at 501,701,476 TUSD, with dollar reserves amounting to 509,044,824 USD. The report also detailed the distribution of TUSD across major chains. Ethereum held 373,959,381 TUSD, TRON had 94,299,236 TUSD, and BNB Smart Chain encapsulated 1,203,456 TUSD. This report provides an insight into the distribution and reserves of TUSD, a stablecoin pegged to the US dollar. The figures indicate a healthy reserve, exceeding the circulating supply, which is a positive sign for the stability of the coin. The distribution across different chains also shows the widespread use and acceptance of TUSD in the crypto market. It is important to note that the figures provided are as of the end of May, and the current status may vary. The report does not provide any future predictions or market analysis, and is purely a statement of the status as of the end of May.