TrueFi (TRU) price, chart, coin profile and news

Find the latest TrueFi (TRU) price, coin profile, news and history to get you started with TrueFi trading and investing.

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What is TrueFi?

Launched by TrustToken, TrueFi is a decentralised finance (DeFi) protocol dedicated to collateral-free loan services. Maximising capital efficiency and earning rates, in addition to collateral-free loans, TrueFi also offers access to interest-bearing pools with a high annual percentage return (APR). The project was launched in late 2020 and has so far completed over $1B in loan transactions with a perfect record of repayment.

According to TrueFi’s website, the application is powered by the first on-chain credit scoring system in the world, which can take into consideration a user’s employment background, repayment history, trading history, and portfolio diversity. The sophisticated on-chain credit score is then used to attribute a score to users, which then determine the terms and conditions for TrueFi loans. By using on-chain credit scores, borrowers do not need to deposit collateral which is usually required by most DeFi lending protocols.

The native utility token of the TrueFi application is called TRU. Developed using Ethereum, the token powers the TrueFi economy and can be utilised to cover any defaults. In addition, the token also allows for the governance of the application. By staking TRU, token holders can vote and decide which loans get approved and at which interest rate.

TrueFi (TRU) is the 367th largest cryptocurrency in the world by market cap, valued at $70,962,095. The current price of TrueFi is $0.13648377, which is -4.079% lower than yesterday. Prices have ranged between $0.14870142 and $0.13489611 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 24, 2022 10:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

TrueFi (TRU) price

Use our graph to track the performance of (TRU) over time.

TrueFi at a glance

Information last updated May 24, 2022 10:05 UTC.
Coin symbol TRU
Coin Marketcap AUD$70,962,095
Total TRU supply 1,441,129,427
Circulating TRU 736,845,798
Current price AUD$0.13648377
All time high AUD$2.0304

TrueFi price performance over time

Historical prices compared with the price of $0.13648377.

1 hour 0.42%
24 hours -4.08%
7 days 12.74%
14 days -14.12%
30 days -50.62%
60 days -53.49%
200 days -84.81%
1 year -74.67%

Disclaimer: Cryptocurrencies, including TrueFi, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TRU is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the TrueFi or any other cryptocurrency discussed.

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