TrueFi (TRU), the leading credit protocol in the Defi space was recently introduced, providing
decentralized finance solutions with a twist. This cryptocurrency has been embroiled in a controversy as
TrustToken, the company behind it, was accused of fraud by the
SEC over stablecoin investment issues and ultimately had to settle. We see a trend of consumer interest in TRU in many countries such as
Curacao, Barbados, Maldives, Suriname, Palau, Dominica, Grenada, Belize, Lesotho, Guam, Gibraltar, Tonga and more, all of which have guides on buying TRU with a credit card online which suggests a potential
global expansion. TrueFi's initiative of launching a
dollar-based TRI token for real-world asset trading has been greeted with mixed reactions and interpreted as both innovative and hype. They also introduced a lending protocol for tokenized real-world assets which led to a 14% jump in TRU's price. TrueFi has had its share of bad press with a case of $4M bad debt which illustrates the risk of crypto lending without collateral. The fact that
a16z, BlockTower, Alameda backed a $12.5M round for
TrustToken speaks volume about the potential these firms see in TRU.
Coinbase Pro, Crypto.com App have also announced to list TRU which adds to the credibility of the token. However, extreme
price volatility is not unusual in crypto markets and price predictions for TrueFi range widely.
TRU Coin News Analytics from Fri, 29 Mar 2019 07:00:00 GMT to Sun, 10 Aug 2025 06:06:24 GMT -
Rating 7
- Innovation 3
- Information 6
- Rumor 1
