Short version: TSD is a 1:1 claim on real stablecoins (USDC, USDT, PYUSD, DAI) locked in reserve and represented as a token on the TEXITcoin Omni Layer 2. One TSD = one dollar of reserve, redeemable any time. It is not issued by the State of Texas, pays no interest or yield, and is not an investment or a security.
What TSD actually is
Under the U.S. Constitution, states can only make gold and silver legal tender — so no state can issue a digital dollar. TSD was built privately instead. It's a bridge wrapper: you lock a mainstream stablecoin on Ethereum, Base or BNB Smart Chain, and an equal amount of TSD is granted to your TEXITcoin address. Burn the TSD and the reserve is released back to you 1:1.
Reserves are held by a multisig custodian on each supported chain, and circulating supply can only change through the bridge issuer key. Anyone can compare locked reserves to circulating TSD — the peg is auditable on both chains, hourly.
Bridge, live peg and proof of reserves at tsd.honest.money
Why commissions are paid in TSD
Same rails as the coin
Commissions land on the same chain your mined coin does — three-minute blocks, sub-cent fees, no bank hours.
Dollar-stable
A $500 commission is $500 when it lands and $500 next week. No coin-price guessing between earning and spending.
Yours immediately
Paid to an address you control. Spend it, send it, or redeem it back to USDC through the bridge whenever you want.
Getting a TSD receiving address
TSD rides on TEXITcoin as an Omni managed token, so your TSD address is a TEXITcoin address — with one catch:
It must be a legacy address starting with T…. In your wallet go to Receive → Tokens (TSD) and copy the address shown there. A bech32 txc1… address cannot receive TSD.
No wallet yet? Set one up in a couple of minutes at mobile.honest.money, then paste the T… address into your enrollment form or your miner profile. And if you don't have an address when you join, we'll hold your coin and TSD in escrow until you do.
Or take hash instead
TSD isn't the only choice. You can point commissions at hash power instead and commit for 3, 6 or 12 months to multiply what that money buys — BOGO, TROGO and QUOGO explained here. Either way, commissions are compensation for referral activity, never a return on capital.
Honest caveats
- TSD is not issued or backed by the State of Texas.
- It pays no interest, yield or dividend, and it is not a deposit, e-money, security or investment.
- It's a claim on third-party stablecoins we don't issue — we are not affiliated with Circle, Tether, Paxos, PayPal or Sky.
- Bridging assets between chains carries real risk. Read the risk disclosure before you rely on it.
Questions & comments
Comments are posted by mineHME miners and are public. Nothing here is financial advice — and it isn't an official answer unless it comes from the team.
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