TrueFi (TRU), TrueCoins' proprietary
cryptocurrency, continues to demonstrate notable performance and potential in the domain of decentralized finance, notably for unsecured lending. It is making headway with real-world assets tokenization and advancing in cryptocurrencies trading through its innovative dollar-based
TRI token. TRU's price has seen significant growth over a span of a week, boosting more than
30% and over
200% following speculations sparked by Binance's TUSD Mint. Despite facing risk over a $4M bad debt for loans issued without collateral, the protocol has been bold, introducing asset-backed lending. Former executives from Coinbase and Goldman Sachs have also initiated
TrueX, a new crypto exchange founded on stablecoins, potentially offering enhanced worth to TrueFi's stablecoin, TrueUSD. Their integration with premium platforms like Coinbase Pro further demonstrates TRU's growing market prominence. Look to a rising industry forecast, tokenized assets are possibly scaling to a whopping
$16 Trillion, and TrueFi may play a significant role thanks to their collateral-free lending initiative. Nonetheless, diligent attention should be directed towards ongoing troubles with
TrustToken and TrueCoin due to SEC fraud accusations. Also, Trump's new social media venture's exploration of a
crypto payment service potentially named TruthFi could bring mixed consequences to TrueFi's price stability, notwithstand his recent meme coin production.
TRU Coin News Analytics from Thu, 21 Sep 2006 07:00:00 GMT to Fri, 07 Mar 2025 18:16:33 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 2
