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TransUnion to begin providing identity-protected credit scoring for DeFi lending

Published 04/20/2023, 04:00 PM
Updated 04/20/2023, 06:00 PM
TRU
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TransUnion (NYSE:TRU), one of the three major United States credit reporting agencies, announced on April 20 that it would begin supplying credit scoring to public blockchain networks. Off-chain credit data have not previously been available to Web3 and decentralized finance (DeFi) applications.

In the new TransUnion service, credit information will be made available to decentralized applications, or DApps, at the consumer's request. Complete credit information will be delivered to the consumer, and excerpts will go to the DApp.

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