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