In the
crypto market, the
TrueFi (TRU) has made significant waves recently. TrueFi has been identified as one of DeFi's leading credit protocols, offering a lending protocol for
tokenized real-world assets. It recently introduced a
dollar-based TRI token intended for real-world asset trading. These innovative movements have prompted numerous questions of whether this is pure hype or genuine innovation.
The
TRU coin, the currency of the TrueFi platform, has become easily accessible worldwide, with multiple online platforms allowing you to buy TrueFi in several countries using a credit card. The coin has seen impressive price movement, even jumping 14% following the announcement of its lending protocol.
However, TrueFi hasn't been exempt from controversy. Recently, the company behind TrueFi, TrustToken, had to settle with the SEC over fraud accusations linked with
stablecoin investing. TrueFi also experienced a bad debt issue, leaving $4M in limbo and highlighting the risk of crypto lending without collateral.
Despite this, prominent entities like
a16z, BlockTower, and Alameda have backed TrustToken in a $12.5M funding round. TrueFi's potential is being recognized, and its TRU token has even been mentioned as still undervalued despite a 500% pump from SBF and a16z. Various assets are launching on Coinbase, with TrueFi being included, further expanding its accessibility.
TRU Coin News Analytics from Fri, 29 Mar 2019 07:00:00 GMT to Wed, 13 Aug 2025 05:04:44 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 3
