Provider review

Stablecoins are reviewed on who exactly owes you the dollar and where you rank when they fail (30%), whether the person holding it can get a dollar back at par and whether anyone has at size (28%), what is really behind it and what the third party actually opined on (24%), and who can freeze, burn or replace your balance and whether they have (18%). The counterparty leads because the entity named on the binding terms and the holder's rank in its insolvency are fixed the moment the issuer fails, while a reserve can be restructured overnight and a redemption desk reopened. A licence claim that does not resolve on a public register is an unverified claim, never a licence.

Redemption right exercised — 3/10

Verified 19 August 2026 against the provider's own published sources; read again 29 September 2026.

Tradeoff: That the reserve backing it holds zero US Treasury Bills. TUSD's own assurance report, dated 19 August 2026 and signed by Moore CPA Limited, lists 'US Treasury Bills $0', '$78,900.88' of cash, and $501,850,000 — 99.98% — as a single balance at First Digital Trust Limited, which the same report says 'has invested all or substantially all of the collateral in other instruments to generate yield, which cannot be readily convertible to cash, and are subject to ongoing legal proceedings.' Techteryx has a worldwide freezing order from the DIFC Courts over up to US$456 million and says it has arranged separate 'alternative liquidity' so that tokens 'in public circulation' can still be redeemed — while the same report discloses that 412,585,497.92 of the 494,515,082.75 tokens issued are held by Techteryx itself. A close second: the Terms of Use you agree to name no company at all — 'Company' is defined as 'us', and a search of the full Terms for 'Ltd', 'Limited', 'LLC', 'Inc.' and 'Techteryx' returns zero hits — and those same Terms state that 'the Company does not guarantee any right of redemption or exchange of TrueUSD tokens for US Dollars.'

When should I use stablecoins instead of other crypto assets?

Stablecoins make the most sense when you want more stable dollar-like value for payments, transfers, savings posture, or onchain use without the same volatility as broader crypto assets.

Are all stablecoins basically the same?

No. They differ on who owes you the dollar and where you rank if that entity fails, on whether redemption at par is a right holders have actually exercised, on what backs them and what the examiner looked at, and on who can freeze or replace your balance.

What matters most when choosing a stablecoin?

Who exactly owes you the dollar and where you rank if they fail, whether a holder can actually redeem at par and whether anyone has at size, what is really behind it and what the third party actually opined on, and who can freeze, burn or replace your balance. The name and the ticker are not on that list.