TrueFi, the decentralized finance protocol developed by TrustToken, has seen significant marketplace activity and price surge recently. It offers a unique model where loans are unsecured and decisions depend on
credit scores instead of collateral. TrueFi has recently launched a lending protocol for
tokenized real-world assets, spiking the TRU price, and providing further potential for innovative applications in bridging the gap between traditional finance and the DeFi space. Following this,
TRU soaring over 30% made headlines, in part due to speculation after
Binance’s TUSD mint. The protocol’s native token,
TRU, is also now listed on significant exchanges like
Coinbase Pro, further expanding its reach.
The risks associated with its
crypto lending without collateral approach became evident when TrueFi encountered a $4M bad debt issue. Still, the protocol continues to evolve, introducing the dollar-based
TRI token for real-world asset trading. The stablecoin TrueUSD, also developed by TrustToken, recently depegs, as holders offloaded a significant amount of TUSD.
In another development,
DonaldTrump’s social media company is considering a crypto payment service named TruthFi. Trump also made Elon Musk's Dogecoin dreams come true, causing a price surge for the meme coin.
Match-Prime has launched CFDs for Trump and Melania coins as well.
These events point towards a broadening acceptance and application of TRU and other cryptocurrencies in the mainstream financial sector.
TRU Coin News Analytics from Thu, 21 Sep 2006 07:00:00 GMT to Sun, 16 Feb 2025 12:11:58 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor -2
