TrueFi (TRU) is now listed in the Crypto.com App, joining the growing list of 200+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Crypto.org Coin (CRO).
TrueFi is a DeFi protocol for non-collateralised lending. It is powered by an on-chain credit model and governed by the holders of the TRU token, the native TrueFi utility token. TRU plays an important role in approving new loans, borrowers, and governance motions on the TrueFi protocol, guiding the direction of the platform at all levels. TRU also gives the holder the ability to rate credit for third parties. Through TRU credit rating, a permissionless system of credit that operates purely through incentives can be built.
Crypto.com App users can now purchase TRU at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.
