Despite some concerns over loans defaulting, TrueFi's development continues, with ambitious plans including launching of non-stablecoin portfolio managed by WOO X and repayments of huge loans made to financial firms like Wintermute. Furthermore, TrueFi has been introduced in major exchanges, including Coinbase Pro, amplifying its reach to global crypto traders.
Like any other investment, TrueFi has its risks, particularly in lending without collateral. Recent news about Justin Sun's $6M withdrawal and Invictus Capital's default on a $1M TrueFi loan has posed some controversies. However, the tokenization of real-world assets that TrueFi is pioneering is seen as a future trend and thus attracting investors.
Furthermore, TrustToken, the company behind TrueFi, has undertaken a rebranding process and transitioned to Archblock, shifting its focus to institutional adoption and aiming to modernize the global financial infrastructure. Transparency, as stated by TrueFi's CEO, Rafael Cosman, can possibly upscale the company to a trillion-dollar status.
TrueFi News Analytics from Wed, 25 Jul 2018 07:00:00 GMT to Sat, 07 Sep 2024 08:14:08 GMT - Rating 8 - Innovation 9 - Information 10 - Rumor -1