Is Tharwa USD a scam?

Asked about Tharwa USD (THUSD), market cap rank #2628.

Short answer

Tharwa USD (THUSD) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.

Source: isthiscoinascam.com · Updated 2026-06-07

Red flags raised

  • Blacklist present
  • Not listed on any high-trust exchange
  • No hard cap on total token supply
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • Top 10 wallets hold more than 70% of supply
  • Less than 50% of supply is circulating
  • Very few unique holders
  • Very low on-chain liquidity

Positive signals

  • No critical or high findings in the audit report
  • Founder has a background in enterprise technology
  • Whitepaper available with high quality

Security audits

1 audit on record.

  • Cyberscope (2025-11-15) — pass

Team transparency

The Tharwa USD team is doxxed — public identities are known.

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