Earlier today, October 10, decentralized finance (DeFi) lending platform TrueFi issued a notice of default to Blockwater Technologies on missing a scheduled payment over its $3.4 million BUSD loan. Over the last week, the TrueFi credit group was trying to work out an out-of-court settlement. This included increasing the borrowing rate and extending maturity. However, The post DeFi Lending Platform TrueFi Announces First Default on BUSD Loan appeared first on CoinGape.
