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Market capitalization: $3.57T
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TrueFi
TRU

About TrueFi

TrueFi is a decentralized finance (DeFi) platform designed for uncollateralized lending. The protocol is powered by the TRU token, which is used for staking and governance. Founded in 2017 by Rafael Cosman and his team, TrustToken aims to modernize the financial system by reducing transaction costs, speeding up international payments, and expanding global access to financial services. To achieve this, TrustToken has created various crypto tokens, including stablecoins pegged to fiat currencies like True USD (TUSD), tied to the US dollar. TrueFi emerges as a part of this effort, offering uncollateralized loans through a system that facilitates DeFi borrowing and lending with fixed terms and no collateral. A key innovation of TrueFi is the first automated on-chain credit rating system, which...

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