Up-and-Coming DeFi Platform Wault Finance Introduces Commerce-Backed Stablecoin
CoinEdition
Published Jul 22, 2021 07:20AM ET
Updated Jul 22, 2021 07:30AM ET
Up-and-Coming DeFi Platform Wault Finance Introduces Commerce-Backed Stablecoin
- Wault Finance is launching its own stablecoin, WUSD, which is commerce-backed.
- A leading DEX on both Polygon and BSC, is offering users a unique stablecoin asset.
- It will announce its launch date soon.
Following the successful run of its decentralized exchange WSwap on both Polygon and Binance Smart Chain, Wault Finance has just announced its upcoming launch of WUSD, the platform’s new stablecoin. Dubbed a “Commerce-Backed” stablecoin, WUSD will be the first of its kind, enforcing its peg through a completely new framework.
So, what’s so exciting about one more stablecoin coming to the market? The answer is—everything. WUSD is not a fiat-backed, algorithmic, or even a crypto-backed stablecoin. It is supported primarily by commercial activity. Now let’s look at what that means:
What is a commerce-backed stablecoin?
It’s a...
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Written By: CoinEdition
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