RFP Idea: Proposed Collateral Support for TUSD from TrueUSD (Arbitrum & BNB)

Posting for TrueUSD


This proposal aims to list TUSD (TrueUSD) token as a collateral asset on Radiant both BSC and Arbitrum networks.


TUSD has been a stable collateral asset on many Top lending protocols with over 30M liquidity like AAVE, Compound, Justlend, Tectonic, Venus, and etc. We admire the innovativeness of Radiant mechanism and are hereby proposing to list TUSD on Radiant of both BSC and Arbitrum networks, and to be used as collateral.

There is approximately $20M TUSD circulating on the BSC and Arbitrum network, with this TVL, it is clear that there is still a lot of room for the growth and use cases of TUSD, the 5th largest stablecoin by market cap. Collaborating with quality protocols on these two chains is something TUSD is eager to do, and Radiant is our choice. If TUSD can be listed on Radiant as a collateral asset, this would bring in more liquidity to Radiant protocol.


Benefits to RDNT users and liquidity providers

As the 5th largest stablecoin, adding TUSD as the collateral asset will diversify the collateral assets portfolio and attract more users who are interested in quality stablecoins on Radiant. Now Radiant has USDC, USDT and DAI being used as its stablecoin collateral asset. TUSD will give Radiant users another choice. As one of the most reliable, transparent and safe stablecoin, TUSD will surely help to lower the potential depegging and possible systemic risk for the Radiant community.

And if you check the data, TUSD is the No.5 stablecoin from market cap. The market cap is over 1 billion. After adding TUSD as a collateral asset, those TUSD holders will become potential users of Radiant, so it’s a win-win strategy for TUSD holders and Radiant.

The extensive cooperation and connections built by TUSD will also lead to a positive overflow effect for the Radiant Community, creating more possibilities for both sides. For example, we are working with OKX to carry out the Web3 Invest activity, integrating TUSD pools on Radiant to allow users to invest in the DeFi pools through CEX, which is an interesting collaboration direction.

We are keen on a long-term, strategic relationship with Radiant, and adding TUSD on both BSC and Arbitrum networks with collateral enabled is a good first step towards this objective.

About TUSD

TUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. Users can access the relevant data via the official website tusd.io at any time.

TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective on October 7th 2022. TUSD is also devoted to exploring more off-line payments and real world use cases with the collaboration of Travala, ChangeNOW and HyperPay etc.

Recent TUSD Features Update

Recent days, TrueUSD (TUSD) was using Chainlink’s Proof of Reserves technology to secure minting and further ensure transparency and reliability. As the first stablecoin to programmatically control minting with real-time on-chain verification of off-chain reserves, TUSD is demonstrating a new paradigm of decentralization, transparency, and independent verification.

Risk Assessment

TUSD smart contracts have been audited by CertiK and SlowMist. TUSD is attested in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply at a 100% collateral rate. Users can access the publicly available audit report via the official website http://tusd.io at any time.

TUSD has kept a strong and steady peg against USD, the price deviated less than $0.003 USD since it launched in March of 2018 which can be tracked on CoinMarketCap.

References/Useful links:

Website: https://tusd.io/

Whitepaper: https://tusd.io/pdf/TUSD_WhitePaper.pdf

Blog: https://trueusd.medium.com /

Twitter: https://twitter.com/tusdio

Telegram: Telegram: Contact @TUSDofficial_EN

The proposed collateral support for TUSD from TrueUSD on Arbitrum and BNB can provide several benefits. Firstly, it can increase the overall liquidity and adoption of TUSD as a stablecoin, making it more accessible to users on these platforms. Additionally, it can provide a more secure and stable option for traders looking to avoid the volatility of other cryptocurrencies. Ultimately, this can improve the trading experience and attract more users to these platforms.

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Total agree! Recently, Binance has also been searching for a reliable alternative to BUSD, and they have set their sights on TUSD. As a stablecoin that may receive significant support from Binance in the future, adopting TUSD on BSC may get some benefits. And it can also help mitigate systemic risks to some degree.

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Above all, it is important that the tokens have a stable and constant liquidity, and in this sense, TUSD can be adopted.

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This proposal is quite beneficial to Radiant and TUSD, as TUSD continues to grow as a major stablecoin, it is best that Radiant catches up quick on these new (tested and proven) stablecoins to give more options to users of the platform.

I am highly in favour of this proposal.


Thank you for your interest in our recent progress! Recently, TUSD has grown largely in market cap, toppling for fifth place. Additionally, TUSD has integrated into Proof of Reserve of Chainlink, setting a new standard for transparency, security, and verifiability in stablecoins.
Hope you’ll keep the attention! :grinning:


Thanks for your support! Yes as you say, if TUSD be listed as a Radiant collateral asset, we believe TUSD will be able to bring more TUSD holders and whales to participate in the BNB and Arbitrum ecosystem, as well as providing a transparent and stable stablecoin option that is backed 1:1 to the US dollar with live-attestation reports published daily.
Thanks for your reply!

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Question: What impact would a bankruptcy of TrueUSD’s company have on collateral deposits?

With UDSP (Pax Dollar), deposits are classed as Bankruptcy Remote, which ensures that even in a situation of complete failure, the 1-1 backing would remain and withdrawals could continue.

I love the idea of adding more reputable stablecoins, like TUSD, but I’m just curious of the risks.

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Very good question!
We have several banking partners to ensure that our reserves are held securely and we also continuously monitor the balances of each bank and react to any emergent situations.
For example, due to recent Silvergate incident, we transferred the reserves to other banks timely so we always try our best to keep our users’ assets safe with the highest degree of diligent.


but in the case of a bankruptcy, who has ownership of the collateral USD?

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makes sense, especially as you say - big crypto business looking to adopt like Binance. However Id really love to see a true decentralised stable coin that can not be manipulated.

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@TrueUSD will you answer this question about the impact on TUSD holders in the case of a TUSD (or parent) bankruptcy?

@HungVu and community, take note of this and remember Terra, and my comments around USDP as ‘Bankruptcy Remote’

We now have LSDfi stablecoins that are decentralized, actually on-chain, yield-bearing, and soon to be of a Layer Zero standard.

Let’s be careful of the risks here.