TrueUSD is a type of digital currency known as a stablecoin. It is designed to maintain a stable value by being pegged to the U.S. dollar, meaning that one TrueUSD is always worth one dollar. This stability makes it useful for transactions and trading in the cryptocurrency market, as it reduces the volatility often associated with other cryptocurrencies like Bitcoin or Ethereum. TrueUSD is backed by real U.S. dollars held in reserve, which are regularly audited to ensure transparency and trust. Users can buy, sell, or trade TrueUSD on various cryptocurrency exchanges, making it a popular choice for those looking to move funds in and out of the crypto space while minimizing risk.