↑ TRU Coin Soars 14% Amid Launch of Lending Protocol for Tokenized Real-world Assets
TrueFi has disclosed a novel lending protocol, leading to a 14% surge in TRU coin . The protocol will assist in the seamless trading of...
Top stories in the cryptocurrency market focus on TrueFi, an innovator in the decentralized finance (DeFi) sector. TrueFi recently revealed its innovative lending protocol for tokenized real-world assets, seeing TRU Coin leap 14%. The platform also introduced a dollar-based TRI token aiming to revolutionize real-world asset trading. A noteworthy mention is a potential airdrop where TrueFi users might be paid to borrow Bitcoin.
Several contributing factors are driving curiosity in TRU Coin, including the coin being listed on Coinbase Pro alongside other prominent cryptocurrencies such as Axie Infinity (AXS), Request (REQ), and Wrapped Luna (WLUNA). With its robust credit protocol, TrueFi’s recognition in the DeFi space continues to grow, garnering high interest for investors seeking comprehensive investment resources.
However, recent reports also disclosed problems with TrueUSD as it depegs and large volumes of TUSD get dumped. In addition, TrueFi faced a $4M loss due to bad debt, highlighting the risks of crypto lending without collateral. This has sparked questions around TRU's stability and TrueUSD's place in TrustToken's stablecoins.
There's also speculation around TRU triggered by Binance’s minting of TUSD and an unexpected rally of the TrueFi TRU token. With TrustToken backed by leading companies like A16z, BlockTower, and Alameda, the possibility of the tokenized asset industry reaching a whopping $16 trillion should not be overlooked. This re-emphasizes TrueFi’s potential in shaping the future of the DeFi space.
TRU Coin News Analytics from Mon, 09 Jan 2012 08:00:00 GMT to Mon, 16 Sep 2024 01:53:23 GMT - Rating 0 - Innovation 8 - Information 8 - Rumor 5