TrueFi has disclosed a novel lending protocol, leading to a 14% surge in
TRU coin. The protocol will assist in the seamless trading of tokenized real world assets fostering greater
liquidity and financial inclusivity. To augment this process, TrueFi has also introduced a dollar-based TRI token for trading assets. Promising to be one of the top real world asset crypto projects in 2024, TrueFi's TRU coin is gaining grounds for its robust credit protocol. The coin has recently been introduced on
Coinbase Pro and witnessed an overwhelming 200% rally following speculation spurred by
Binance TUSD Mint. The future of TRU coin is promising, however, investors need to be judicious as risks are inherent to the crypto sector. For instance, TrueFi has recently had a $4M bad debt held in limbo, demonstrating the risk of crypto lending sans collateral. Nevertheless, the dedication of major players like
a16z is a cause of optimism. A16z has supported TrueFi in the launch of a DeFi lending market designed specifically for asset managers. This strategic move aspires to inject trust into the ecosystem while ensuring profitable ROI. The anticipated shift towards tokenized assets could see the industry's valuation climb to $16 Trillion demanding increased vigilance and resilience from TRU coin.
TRU Coin News Analytics from Sun, 08 Feb 2009 08:00:00 GMT to Sat, 07 Sep 2024 08:14:08 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -2
