News/Alameda Co-founder Says Company Will Borrow from TrueFi to Support Daily Trading Activities

Alameda Co-founder Says Company Will Borrow from TrueFi to Support Daily Trading Activities

Feb 25,2022,17:31
TokenInsight news, Alameda Research expects to borrow $750 million from lending agreement TrueFi within a year to support its daily trading activities, Sam Trabucco, co-founder of Alameda Research, said in an interview. And he also said that in general all the major DeFi platforms they use. Alameda has repaid $209 million in stablecoin to TrueFi and still has $139 million in outstanding loans and will eventually pay about 7.5% interest on its stablecoin loans with TrueFi.
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