What Are TRU TrueFi Tokens

Rancakmedia.com – TRU TrueFi token is a native utility token of ERC-20 TrueFi, a Decentralized Finance (DeFi) system for unsecured loans.

The TRU TrueFi token is an unsecured lending DeFi system, backed by the TRU TrueFi token and the first of its kind on-chain credit model.

TrueFi loans are made for verified institutional-grade borrowers such as Alameda Research, Nibbio, Amber Group, and Wintermute Trading, once authorized, get access to fast cryptocurrency loans with no collateral restrictions.

Decisions about new borrowers joining the platform, the terms of each loan, and the overall direction of the TRU TrueFi token protocol rest with TRU holders, who carry out such activities in exchange for token rewards in the form of TrueFi TRU tokens and a discount from those attracted. generated by platform lending activity.

TrueFi is made viable by a mix of centralized and decentralized money. Launched by TrustToken, the company behind the popular TUSD stablecoin, TrueFi is fast decentralizing.

To set up TrueFi properly, TrueFi users need to understand it thoroughly. Understanding the many digital assets that enable TrueFi is the logical next step after learning how the TrueFi platform operates.

Digital Assets Enabling TRU TrueFi Token

TRU TrueFi Token Lending Assets: USDC, USDT, TUSD

TrueFi now allows lending on three of the leading stablecoins: USDCoin (“USDC”), Tether (“USDT”), and TrueUSD (“TUSD”).

USDC adalah stablecoin yang diproduksi oleh lembaga finance berlisensi, didukung oleh aset yang sepenuhnya dicadangkan, dapat ditukarkan dengan rasio 1:1 untuk dolar AS, dan dikelola oleh Centre. Anda dapat mencetak USDC di Coinbase. Tinjau USDC di CoinGecko & CoinMarketCap.

USDT is the first and most popular stablecoin, backed by cash and equivalents, secured loans, corporate bonds, precious metals and other assets (sources) that anchor the value of the token to $1.

Digital Assets Enabling TRU TrueFi Token

Tether Limited is the company behind it. You can buy Tether on Coinbase. Review USDT on CoinGecko & CoinMarketCap.

TUSD is a 1:1 dollar-backed, independently confirmed stablecoin live & on-chain. It is owned by Techteryx and managed by TrustToken.

You can print TUSD directly through the TrueUSD application using a bank transfer. Review TUSD on CoinGecko & CoinMarketCap.

More digital assets, including Bitcoin (as wBTC), Ethereum, and other volatile assets may be added as TrueFi develops, with the option to support almost any ERC-20 asset as collateral that can be loaned out in the future.

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