TrueFi's innovative approach to decentralized finance (DeFi) continues to gain traction as it introduces the dollar-based TRI token. It's a big step towards tokenizing real-world assets, contributing to TRU's price rally of 14%. The protocol also unveiled its asset-based loan process, hinting at another layer of practical utility.
Elon Musk, while engaging in a conversation about cryptocurrency, surprisingly sides with Bitcoin critic, Warren Buffet. This event comes amidst TrustToken and TrueCoin's settlement with the SEC over accusations of investment fraud in stablecoin circulating. Reportedly, TrustToken's stablecoin, TrueUSD, encounters a significant value drop as holders dump $330M in TUSD. On a brighter note,
Binance sparked speculative activity as they minted a large volume of TrueUSD, causing the TRU token to rally over 200%. TrueFi recently faced a hurdle over a default notice that was issued to VC firm Blockwater over a $3M loan. One of TrueFi's successful projects to date is its DeFi lending market for asset managers backed by renowned investors like
A16z, BlockTower, and Alameda.Despite TrueFi’s real-world complications, there remains a strong investment case for the
TRU coin. The currency has also recently been listed on Coinbase Pro, sparking increased interest and potential for its continued growth. However, the precise future outlook varies across crypto-enthusiasts and analysts, some forecasting high potential for the digital asset.
TRU Coin News Analytics from Mon, 09 Jan 2012 08:00:00 GMT to Thu, 26 Sep 2024 08:22:32 GMT -
Rating 6
- Innovation 7
- Information 7
- Rumor 3
