RC
Rafael Cosman is CEO of TrustToken, a DeFi ecosystem company. He oversees TrueUSD stablecoin and TrueFi, an uncollateralized lending protocol platform.
1Interview
2022First on the show
Jun 2022Latest appearance
28 minOn camera
27:49
Latest interview · Jun 3, 2022Rafael Cosman on TrustToken's stablecoins and lending protocolWatch the episode →
In their own words
“The protocols already had 1.19 billion dollars repaid all in uncollateralized loans on the blockchain with zero defaults and an average interest rate of somewhere around nine percent.”
Key points from the latest interview
- TrustToken operates a 100-person team managing TrueUSD stablecoin and TrueFi uncollateralized lending protocol that has originated 1.6 billion dollars in loans.
- Fiat-backed stablecoins differ fundamentally from algorithmic stablecoins like UST, which collapsed due to circular dependency between UST and Luna tokens.
- TrueUSD provides real-time 24/7 live attestations with third-party accounting firms via API, distinguishing it as one of the most transparent stablecoins available.
- DeFi remains less than one percent of its potential impact on global finance despite billions in deployment, with institutional adoption accelerating during market downturns.
- Regulatory clarity on stablecoin definitions and transparency requirements is expected to emerge following the UST collapse and Luna crisis.