News

Alameda secures up to USD 750 mln credit line

Monday 28 February 2022 13:27 CET | News

Alameda Research, a principal trading firm, has gained borrowing access of as much as USD 750 million from TrueFi’s unsecured lending protocol. 

Specifically designed for Alameda, TrueFi, financial institutions’ doorway to DeFi lending markets, unveils its first permissioned single borrower portfolio to power the firm’s arbitrage and trading strategies.

TrustToken, the core team behind TrueFi and stablecoins including TrueUSD, created this new pool type, opening up to non-US lenders who’ve completed Know Your Customer (KYC) verification. Building the definitive protocol for global lending, acting as a bridge between asset managers, borrowers, and lenders, with a mandate to bring ever more global lending on-chain. 


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: lending, crypto, DeFi, stablecoin
Categories: DeFi & Crypto & Web3
Companies: Alameda Research, TrueFi
Countries: World
This article is part of category

DeFi & Crypto & Web3

Alameda Research

|

TrueFi

|
Discover all the Company news on Alameda Research and other articles related to Alameda Research in The Paypers News, Reports, and insights on the payments and fintech industry:





Industry Events