TrustToken: Launches uncollateralised lending platform
- TrustToken, known as makers of the world’s most transparent stablecoins including TUSD, launches TrueFi
- The TrueFi protocol introduces a new approach to on-chain lending, letting TRU holders vote on incoming borrowers
- Most lending platforms require borrowers to lock up assets (like Ethereum), often in excess of their loan amount, to borrow capital
- TrueFi differentiates from these players in how it approves incoming loan requests, by having no collateral requirements
- TrustToken’s launch of the TrueFi protocol, powered by TrustTokens (TRU), leads the charge in bringing uncollateralized lending to decentralized finance
- The aim for TrueFi to become the ultimate market-driven, automated credit rating and lending system
