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Neutrl Raises $5M to Tokenize a Popular Hedge Fund Altcoin Trade

The protocol's NUSD token generates yield by arbitraging locked altcoins, a $10 billion private market, Neutrl co-founder Behrin Naidoo said in an interview.

U.S. dollar (Unsplash, modified by CoinDesk)
Neutrl's synthetic dollar aims to capture a yield on discounted altcoins (Unsplash, modified by CoinDesk)