Euler plans to launch a synthetic dollar product in the coming weeks
Jinse Finance reported that Euler plans to launch a synthetic dollar product "within a few weeks." The startup stated that this move will complete its three major product offerings: lending, swapping, and USD-denominated assets. Co-founder Michael Bentley described the new product as a "USD synthetic token," adding that Euler is now "not just a lending protocol" but also a decentralized exchange (DEX). Bentley positioned the synthetic dollar as a strategic complement to Euler's credit market and protocol swaps, emphasizing tight integration rather than relying on external liquidity incentives.
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
Four.meme announces brand upgrade, entering the era of open Meme ecosystem
In the past hour, total liquidations across the network reached $105 million, mainly long positions.
The "Maji" account's long positions have been liquidated again, with the account balance now only $32,800.
Trending news
MoreCrypto prices
More
