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Easily convert TSLAX to TRU with ConvertOnline's efficient tool.
Tesla tokenized stock (xStock) (TSLAX) is a digital asset that represents a fraction of ownership in Tesla Inc. shares, allowing investors to trade and hold Tesla stock in a decentralized manner using blockchain technology. This tokenization facilitates easier access for investors, enabling them to buy, sell, or hold shares without the complexities of traditional stock trading platforms.
TrueFi (TRU) is a decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies without the need for traditional intermediaries. It utilizes an innovative credit scoring system to assess borrower risk, allowing for more efficient capital allocation and improved lending outcomes.