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About TRU

TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. TrueFi includes utility and rewards mechanisms using TrustTokens (TRU) and rewards participants for maintaining stable, high APRs.TRU is the native token of the TrueFi protocol and is used for: TrustToken holders ultimately have a say over who is a credible borrower in the prediction market. TRU gives the holder the ability to rate credit for third parties. Through TRU credit rating, a permissionless system of credit can be built which operates purely through incentives. TRU owners have part ownership in building a new credit system.

TrueFi (TRU) is a cryptocurrency launched in 2020. TRU has a current supply of 1.28Bn with 1.25Bn in circulation. The last known price of TRU is 0.095415606883 USD and is -0.004776024581 over the last 24 hours. It is currently trading on active market(s) with $20.85M traded over the last 24 hours. More information can be found at https://truefi.io/.

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TRU Price Statistics
TRU’s Price Today
24h Price Change
-$0.0047760245814.77%
24h Volume
$20.85M44.72%
24h Low / 24h High
$0.03731004 / $0.03928725
Volume / Market Cap
0.174337776405
Market Dominance
0.00%
Market Rank
#413
TRU Market Cap
Market Cap
$119.58M
Fully Diluted Market Cap
$138.35M
TRU Price History
7d Low / 7d High
$0.03731004 / $0.04182068
All-Time High
$1.04Aug 12, 2021
All-Time Low
$0.0266869Dec 23, 2022
TRU Supply
Circulating Supply
1.25Bn
Total Supply
1.28Bn
Max Supply
1.45Bn
Updated Nov 11, 2024 5:29 pm
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TRU
TrueFi
$0.095415606883
$0.004776024581(-4.77%)
Mkt Cap $119.58M
There's nothing here for now
TrueFi Unveils Plans for Real-World-Asset-Based Lending Platform Trinity
TrueFi Unveils Plans for Real-World-Asset-Based Lending Platform Trinity
According to CoinDesk, decentralized finance (DeFi) lender TrueFi has announced plans to launch a real-world-asset-based (RWA) lending platform called Trinity. The platform aims to increase utility for its tokenized U.S. Treasury offering. Trinity will allow users to take out crypto loans using tokenized RWAs as collateral. TrueFi's Treasury bill token (tfBILL) will be the first, with plans to add other yield-generating tokenized products in the future, according to a TrueFi governance proposal by ecosystem developer organization Wallfacer Labs. Investors will be able to borrow the platform's TRI token by pledging the tfBILL tokens and use the borrowed crypto to create DeFi strategies to earn up to 15% annualized yield. Investors can also buy TRI tokens on secondary markets such as decentralized exchanges and stake them to earn a yield from the platform's borrowing fees. The proposal to launch Trinity is pending approval by the TrueFi decentralized autonomous organization. The proposed new platform follows a resurgence in DeFi activity in recent months, with crypto-native yields and demand for leverage rapidly increasing amid the roaring digital asset bull market. TrueFi was a key lender during the previous crypto bull cycle, originating over $1.5 billion of undercollateralized loans mainly to trading firms and market makers. However, as crypto prices plummeted in 2022, some borrowers failed to repay their loans and depositors fled, causing the protocol's total value locked to drop to $20 million by the end of 2022 from a peak of over $900 million in 2021. Last year, TrueFi introduced the tokenized U.S. Treasury offering, which recently attracted $8.7 million of deposits. TrueFi's governance token (TRU) jumped 14% after the proposal was published and has gained some 20% in the past 24 hours.
Mar 26, 2024 1:10 am

Frequently Asked Questions

  • What is the all-time high price of TrueFi (TRU)?

    The all-time high of TRU was 1.04 USD on 2021-08-12, from which the coin is now down 90.82542241509616%. The all-time high price of TrueFi (TRU) is 1.04. The current price of TRU is down 90.82542241509616% from its all-time high.

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  • How much TrueFi (TRU) is there in circulation?

    As of , there is currently 1.25Bn TRU in circulation. TRU has a maximum supply of 1.45Bn.

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  • What is the market cap of TrueFi (TRU)?

    The current market cap of TRU is 119.58M. It is calculated by multiplying the current supply of TRU by its real-time market price of 0.095415606883.

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  • What is the all-time low price of TrueFi (TRU)?

    The all-time low of TRU was 0.0266869 , from which the coin is now up 257.537244427041%. The all-time low price of TrueFi (TRU) is 0.0266869. The current price of TRU is up 257.537244427041% from its all-time low.

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  • Is TrueFi (TRU) a good investment?

    TrueFi (TRU) has a market capitalization of $119.58M and is ranked #413 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze TrueFi (TRU) price trends and patterns to find the best time to purchase TRU.

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