TrueUSD is a stablecoin backed by USD. It was created by TrustToken, a company that specializes in creating asset-backed tokens on the Ethereum blockchain. TrueUSD is fully collateralized and is transparently verified by third-party attestations.
TrueUSD was created within a legal framework that enables users to exchange USD directly with an escrow account. The platform is powered by smart contracts that ensure a 1:1 parity between USD and TrueUSD. Escrow accounts and regulatory compliance practices enable auditing and more legal protection for token holders.
Users wire funds to these third-party escrow accounts, and an equivalent amount of TUSD is generated to their ethereum addresses. Each TUSD can be redeemed for one US Dollar, that is held in escrow.

Reserve Rights is an Ethereum-based stable token that is built on the Reserve Protocol. Reserve token will be initially backed by several other collateral tokens that are each tokenized versions of the US Dollar. The project has plans to transition to a collateral model that will not be pegged to the US Dollar.