Verify what backs a stablecoin
DIA Value computes intrinsic fair value for stablecoins from reserves and on-chain data, so backing and peg health can be verified.
Supply across all stablecoins
Its one stablecoin
Share of total stablecoin supply
#17 of 98 issuers by supply
Stablecoins issued
median issuer: 1
Chains
read onchain, #32 of 98 issuers
Share of supply in lending
lower bound; below the median issuer (3.3%)
Founded / domicile
Operator of TUSD (TrueUSD), a fiat-collateralized US-dollar stablecoin.
Who it is
Techteryx Ltd, a British Virgin Islands company, is the operator of the TrueUSD brand. The TUSD site and its terms of use do not name an owner or a headquarters.
What sets it apart
Techteryx is a single-stablecoin issuer. Its only stablecoin on the map, TUSD, is a US dollar stablecoin that markets itself as the first to publish daily reserve attestations from an independent third party.
Techteryx is also a litigant over its own reserves. It claims about $456 million of TUSD reserves were moved by First Digital Trust into an Aria group fund and to Aria Commodities DMCC, a Dubai free zone company. Aria Commodities DMCC is the first defendant in the Dubai case, and Matthew Brittain is its managing director. Dubai's Digital Economy Court first granted a worldwide freezing order against Aria Commodities DMCC on 28 February 2025 and continued it by a judgment of 16 September 2025, amended on 17 October 2025. The ownership of those funds is still to be decided in Hong Kong courts.
Sources: TUSD home page (tusd.io), TrueUSD terms of use (app.tusd.io), DIFC Courts judgment: Techteryx Ltd v Aria Commodities DMCC and others [2025] DIFC DEC 001, 16 September 2025, amended 17 October 2025, VeriNumus real-time reserve dashboard and attestation report for TrueUSD, Moore CPA Limited (report of 2 October 2026)
TUSD is Techteryx (TrueUSD)'s only stablecoin.
TUSD's supply, counted once across its chains.
Supply of every coin Techteryx (TrueUSD) issues, summed by chain from DIA's own totalSupply() reads of the verified contracts. Each coin's tokens are converted to dollars at DIA's price for that coin, or split pro rata from its market figure where DIA has no price, so coins in different currencies can share one column. Wrapped coins are left out: their supply is already inside the coin they wrap. Each chain shows the same amount as the chain row on each coin's own page.
$492.4M
Read on 4 chains, all in the total
Ethereum64%$313.7M
Tron34%$167.8M
BSC2%$10.0M
Avalanche<1%$842.0KIn DIA's latest read, TUSD sits 44 bps below its USD peg. TUSD's typical daily move over the last 90 days was 12 bps.
Today is DIA's latest daily read of each stablecoin's price against one unit of its peg currency, in basis points: 100 bps is 1% away from the peg, above (+) or below (-).
Typical daily move is the standard deviation of the daily gap between the price and the peg over the last 90 days. Largest move is the single day in the last 12 months furthest from the peg. Both come from daily closes at 00:00 UTC (DeFiLlama, with CoinGecko where DeFiLlama has no price) and match the figures on each stablecoin's own page.
Attestation cadence is how often an independent accountant's report covers the reserves, where one is published. A stablecoin with none shown has no cadence published.
Stablecoins whose value rises by design, such as savings wrappers, have no peg figures. Their price is a yield curve, not a peg.
$2.4M supplied to 4 lending markets on 4 protocols. That is 0.5% of its onchain supply; the median across 43 issuers in lending markets is 3.3%. Yield pools live on the stablecoin's own page.
Lower bound: the balance of every Techteryx (TrueUSD) coin inside lending markets DIA reads onchain directly, summed. Coins that rebase or wrap another coin are left out, so the balance and the share count the same coins. The figure is gross: most of it is on loan, and borrowed stablecoins can be deposited again. Excludes DEX liquidity, CDP collateral, and any market on a chain or protocol DIA does not yet track.
Share of issued supply is that balance over the onchain supply of all the coins Techteryx (TrueUSD) issues, a coin with no lending market included. Coins that rebase or wrap another coin are outside both sides: a rebasing balance moves by contract, and a wrapper's supply is already inside the coin it wraps.
Source: DIA's own reads of each lending contract. Balances, supply rates and utilisation all come from the same read. A market not refreshed in the last 3 days, holding under $1,000, or pinned at full utilisation with runaway interest is left out.
Supply APY and borrowed are averages weighted by each market's balance, over the markets that report them: 97% of the balance for the APY, 100% for borrowed. Borrowed is the share of supplied stablecoins now on loan.
$2.4M
supplied to 4 lending markets on 4 protocols
43%
Borrowed
share of supplied stablecoins now on loan
1.15%
Average supply APY
weighted by the balance in each market
86%$2.1MTronTUSD$2.1M1.30%47%
12%$283KEthereumTUSD$283K<0.01%21%3%$63KEthereumTUSD$63K3%
<1%$5KBSCTUSDNo withdrawable balance$5K100%Tronin 1 lending market86%$2.1MEthereumin 2 lending markets14%$346KBSCin 1 lending market<1%$5KEach issuer's share is its stablecoins' combined balance in the lending markets DIA reads, over their combined onchain supply. Stablecoins that rebase or wrap another stablecoin are left out of both sides. It leaves out DEX liquidity, CDP collateral and lenders DIA does not read yet, so every share is a lower bound measured the same way, and the ranking compares like with like.
The ranking counts the 43 issuers with any balance in those markets, highest share first. The median is the middle issuer of those 43.
0.5%
of issued supply sits in the lending markets DIA reads
Lower bound: leaves out DEX liquidity, CDP collateral and lenders DIA does not read yet.
Below the median issuer (3.3%)
We checked the registers and the issuer's own pages and found no licence, registration or authorisation. Distinct from an issuer we have not checked, which carries no value at all.
What is published
The TUSD transparency page says daily attestations are produced by Moore Hong Kong, described there as an accounting firm. It says the reports show the state of reserves and a reserve breakdown. The page embeds a live VeriNumus dashboard with the current report for download, a reasonable assurance report by Moore CPA Limited under ISAE 3000 (Revised). A white paper dated February 2026 is linked from the site.
What the report shows
The report says the collateral sits in accounts held by Techteryx at a Hong Kong depository institution and Bahamian depository institutions. It names the Hong Kong institution as First Digital Trust Limited, which invested all or substantially all of the collateral in other instruments that cannot be readily converted to cash and are subject to legal proceedings. On 2 October 2026 those instruments were carried at USD 501,850,000 at cost, beside USD 78,900.88 in cash and no Treasury bills. The assurance procedures do not examine the fair market value of the fund's investments.
Reserves in court
Techteryx's claim in Dubai says about $456 million of reserves were transferred to Aria entities. Those are allegations in a dispute that is before the courts.
Sources: TUSD transparency page (tusd.io), VeriNumus real-time reserve dashboard and attestation report for TrueUSD, Moore CPA Limited (report of 2 October 2026), DIFC Courts judgment: Techteryx Ltd v Aria Commodities DMCC and others [2025] DIFC DEC 001, 16 September 2025, amended 17 October 2025
Techteryx issues one stablecoin on the map: TUSD, also called TrueUSD. It is pegged to the US dollar and is classed on the map as fiat-backed.
The TUSD site lists four native deployments: Ethereum, TRON, Avalanche and BNB Smart Chain. It also lists bridged versions on Polygon, Arbitrum, Cronos, Optimism and Aurora. The site says minting and redemption carry no fees, and that the minimum redemption is $1,000. It says minting and redemption run through smart contracts with Chainlink Proof of Reserve checks.
Sources: TUSD home page, TUSD transparency page
Summed by recorded day (daily for the last year, weekly before that). This chart is DeFiLlama circulating supply. The headline figure above is mostly DIA’s onchain reads, with DeFiLlama where DIA does not read, so the last point can differ from it.
Source: DeFiLlama circulating supply Updated
