TrueFi (TRU), a Decentralized Finance (DeFi) lending platform, is paving the way in credit protocols, allowing for uncollateralized loans in the crypto world. Recent developments include TRU's deployment of a lending protocol for tokenized real-world assets which saw the token's price surge by 14%. Questions have been raised about whether these developments are innovative or just hype, with the settlement of fraud accusations against
TrustToken, the team behind TrueFi, attracting attention. TRU's CeDeFi capability positions it as an interesting player within the Decentralized Finance (DeFi) sector.
TrueFi's (TRU) recent controversial stance on the issue of unsecured crypto lending surfaced after it delivered a notice of default to Invictus Capital for failing to repay a loan, leaving $4M in bad debt in a limbo. This highlights the risks associated with crypto lending without collateral. Despite these challenges, the platform continues to thrive and has recently been listed on
Coinbase Pro along with Axie Infinity (AXS), Request (REQ), and Wrapped Luna (WLUNA). The addition of these new currencies could expand its user base. The Trump universe has been making waves within the crypto sphere as well, with rumors swirling around the creation of a digital payment service named TruthFI. This has stimulated excitement among Trump's crypto-supporting followers, further contributing to the rising popularity of digital currencies.
TRU Coin News Analytics from Mon, 09 Jan 2012 08:00:00 GMT to Wed, 27 Aug 2025 18:22:11 GMT -
Rating 3
- Innovation 6
- Information 6
- Rumor -1
