CoinLoan Adds TUSD as a Currency to Lend and Borrow

CoinLoan, a startup that allows people to provide and borrow crypto-backed loans, has added crypto-dollar to the currency list. Since August 8 everyone has an opportunity to use TrueUSD (TUSD) stablecoin on CoinLoan platform in the same way as fiat currency.

What’s CoinLoan?

CoinLoan is a service which makes crypto-backed loans available for users all over the world. On CoinLoan everyone can become a lender or a borrower controlling the loan condition individually.

What’s TrueUSD?

TrueUSD is a fixed price token, fully collateralized by the USD dollar. This means that you can exchange TUSD one-to-one for US dollars.

Why does it matter?

We offer using TUSD as an alternative to USD currency. Platform users will be able to borrow some money in TUSD and convert it into fiat at any exchange with 1:1 parity between TrueUSD and USD.

How to use TUSD on CoinLoan platform?

From now on, you can find TrueUSD in the Lending Market tab of the fiat currency list along with EUR. Anyone can choose TUSD as a currency to provide or borrow a loan by creating an application.

Learn more about CoinLoan:

Submitted August 09, 2018 at 01:27PM by deloodin
via reddit