TrueFi (TRU), a prominent player in the Decentralized Finance (DeFi) space, remains a subject of interest across a range of news stories. The coin presents a leading credit protocol, has introduced a dollar-based TRI token for real-world asset trading and unveiled a lending protocol for tokenized real-world assets. These developments highlight the innovation and utility-driven adoption of TrueFi. With these developments, the TRU Coin met a 14% jump. The coin, along with Dogecoin, Axie Infinity (AXS), Request (REQ), and Wrapped Luna (WLUNA), is set to be launched on Coinbase Pro.
Previously, TrustToken, the firm behind TrueCoin and TrueUSD, faced fraud accusations from the SEC, yet it received backing for a $12.5M funding round involving a16z, BlockTower, Alameda. TrueFi’s path has also been strewn with challenges, as seen in its $4M bad debt in limbo due to crypto lending without collateral. Its ability to innovate while facing these issues suggests resilience and potential for growth.
TrueFi's availability across diverse locations, including Aruba, Sierra Leone, Eswatini, Brunei, Palau, Papua New Guinea, Dominica, Grenada, Maldives, Bermuda, Kiribati, Malawi, possess potential for wider adoption. In a humorous twist, a parody piece titled ‘Trudough’ discussed pipeline debates, reflecting TrueFi’s notable societal impact. Finally, Apollo's Moonshots declares TrueFi's TRU token still undervalued despite a 500% pump from SBF, a16z.
TRU Coin News Analytics from Mon, 09 Jan 2012 08:00:00 GMT to Sun, 27 Jul 2025 07:00:00 GMT -
Rating 4
- Innovation 8
- Information 6
- Rumor -4
