↝ TRU Coin: DeFi's Renowned Credit Protocol Amidst Regulatory Scrutiny, Global Expansion and Notable Price Fluctuations

TrueFi (TRU), the leading DeFi credit protocol, and its associated tokens, including TrueCoin and TrustToken, have been in the limelight recently due to various events. The company was involved in settlement with the SEC regarding fraud accusations linked to stablecoin investments. Despite this, investor interest remains high. The coins are now available for purchase in multiple countries including the Cayman Islands, Sierra Leone, Bermuda, and more, suggesting a broadening market.

In terms of innovations, TrueFi is diversifying its portfolio. An instance of this is TrueFi's partnership with TheraCann to launch a blockchain cannabis platform. Further, the lending protocol unveiled for tokenized real-world assets led to a 14% jump in TRU's value.

Interestingly, TrueFi-based tokens were listed on Coinbase Pro alongside other notable coins like Axie Infinity (AXS), Rari Governance Token (RGT), and Horizen (ZEN). In a significant development, Binance minted almost 50 million TUSD stablecoin resulting in a 200% rise in TRU token. Regardless, risks remain as TrueFi's $4M bad debt remains unresolved.

Lastly, TRU coin's price rose over 30% in a week with speculation linking it to Donald Trump's hint at the establishment of TruthFi, a crypto payment service. However, investor sentiment regarding potential implications on TrueFi's value remains divided.

TRU Coin News Analytics from Tue, 25 Jun 2019 07:00:00 GMT to Wed, 02 Jul 2025 07:00:00 GMT - Rating 1 - Innovation 6 - Information 8 - Rumor -4