Fantom announced the launch of the USDB stablecoin
Balance, a new organization, will be the issuer of the USDB
30.03.2022 - 10:45
371
1 min
0
What’s new? Fantom, a DeFi platform, has announced the launch of its own algorithmic stablecoin called USDB. The project’s representatives revealed details of the launch on its official Twitter account.
What is known about the new asset? A new organization, Balance, has been established to issue the stablecoin, which includes the representatives of the Fantom DAO. In the near future, stablecoin owners will have access to features such as profitable farming, liquidity pools, staking, as well as the provision of loans in cryptocurrency. The material remunerations are available for the developers and early adopters. USDB will be issued by burning the FantOHM (FHM) token.
Fantom is a decentralized blockchain platform for smart contracts. The Fantom ecosystem is used by projects such as Aave, Curve, and yEarn. As of March 2022, Fantom ranks 6th in the list of the blockchain platforms in terms of blocked funds ($6,59 billion according to DefiLlama).
Useful material?
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024