River Launches Chain-Abstraction Stablecoin System
According to Jinse Finance, River is developing a chain-abstracted stablecoin system that allows users to deposit collateral on one chain and mint the cross-chain stablecoin SatUSD on another chain—without the need for bridging or wrapping. This enables users to earn yield and leverage across ecosystems without selling their underlying assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized employment marketplace WorkQuest completes $1.16 million seed round financing
Today's Fear and Greed Index rises to 27, still at the Fear level
Terminal Finance: Project shuts down due to delays in the Converge chain, protocol codebase to be open-sourced later
Trending news
MoreCrypto prices
More
