Rafael Cosman, cofounder and CEO of TrustToken, joins the show to talk stablecoins and TrueFi, their non-fully collateralized lending protocol. In this episode:

• TrustToken's various stablecoins that they administer
• The real-time stablecoin attestations TrustToken has done with Armanino
• How a real time attestation works
• Why the USD is so disproportionate in market share among stablecoins
• Why DeFi is potentially the killer app for stablecoins today
• Why Trust Token built a global fx currency basket
• Why overcollateralized lending doesn't necessarily constitute lending in the traditional sense
• How TrueFi introduces uncollateralized lending into DeFi
• How underwriting and credit creation works in a public blockchain context
• How legal contracts are introduced into DeFi
• Howo the TrueFi system incorporates revisions in creditworthiness
• How on-chain credit scores could proliferate and be used on a cross-platform basis
• How privacy is compatible with on-chain credit scoring
• Rafael's explanation for structurally high interest rates in DeFi
• The contrast between crypto yields and legacy yields