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PROGRAMMABLEMONEY

Six pieces of programmable money pulled apart layer by layer, and The Full Stack in the middle showing how they connect. Pick a world to open it.

ANATOMY OF ASTABLECOIN

Peg$1.000
Backing101%
In / out6 / 6
GENIUS8/8
All chapters
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15%
Motion
Theme
Real stablecoin · Anatomy of a Stablecoin

TrueUSD (TUSD)

One of the oldest digital dollars. Most of the money meant to back it ended up in a disputed offshore fund, and its owner is in court trying to get it back.

Issuer
Techteryx (BVI)
Launched
Mar 2018
Supply
≈ $495M
Route
Offshore, reserves disputed
How it is issued
Own issuance, offshore
License
Techteryx Ltd, British Virgin Islands; no license found. TrustToken launched it and sold it to Techteryx in December 2020
Reserves
Last checkable data: about $456M of roughly $500M in reserves went to a fund run by Aria, now under a Dubai court freezing order (2024 and 2025 reports). No readable 2026 breakdown
Reports
Attestations by Moore Hong Kong and a Chainlink proof of reserves feed; the SEC settled with its former operators in 2024
Networks
Ethereum holds about two thirds, TRON most of the rest
Yield
No
Access
Exchanges; direct accounts for verified customers
GENIUS Act
Not a permitted issuer: an offshore company with no US license, and reserves that are not liquid.

Check the supply yourself

More stablecoins

XO ctUSD USDT USDC USDe DAI USD1 USDG PYUSD RLUSD USDD U EURC SoFiUSD USDai CASH

Public information as of October 2026, simplified. Not legal or investment advice. Open the full stablecoins world.

Sources165Created by Andres Lamothe