TrueFi (TRU) coin, a leading DeFi credit protocol service, has been making significant strides in the crypto market. Although it faced accusations of fraud from the U.S. Securities and Exchange Commission (SEC), it appears they have reached a resolution, allowing TRU to continue its growth trajectory. TrueFi's triumphs include a staggering price increase of over 30% in the previous week, and a notable launch on
Coinbase Pro. This attention led to a massive rally, with TRU token prices soaring 200% after
Binance’s TUSD Mint sparked heavy speculation. Supporting its ambitious growth plans and creativity, TrueFi launched a dollar-based TRI token for real-world asset trading. However, it has dealt with a $4 million bad debt, exemplifying the risky nature of crypto lending without collateral. The coin has found backing from multiple major entities, including
A16z, BlockTower, and Alameda who invested $12.5 million in TrustToken, TrueFi's parent company. Lastly, TRU was listed among the top crypto investments for whales. Amidst these achievements, risks exist, as demonstrated by TrueUSD stablecoin depagging due to holders dumping $330M in TUSD. Despite difficulties, the overall position of TRU coin remains strong.
TRU Coin News Analytics from Mon, 09 Jan 2012 08:00:00 GMT to Thu, 27 Mar 2025 22:56:20 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
