TRU Coin Drops Sharply After TrustToken and TrueCoin Accused of Fraud 🚨

TRU Coin Has Seen a Sharp Decline After the US Securities and Exchange Commission (SEC) Accused TrustToken and TrueCoin of Defrauding Investors in Their Stablecoin Program. The two companies are accused of misleading investors about their investments in these currencies, which has sparked a wave of concern in the cryptocurrency market.

TRU Coin is closely linked to TrustToken, which operates the TrueFi platform that relies on TRU as part of its collateral-free lending system. In addition, TrueCoin operates stablecoins such as TrueUSD (TUSD) and is part of the financial ecosystem developed by TrustToken.

Due to these accusations, TRU Coin has lost a significant portion of its value as investors’ concerns about the future of the currency and its projects have grown, leading to accelerated sell-offs and a decline in market confidence.