Up-and-Coming DeFi Platform Wault Finance Introduces Commerce-Backed Stablecoin

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…

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.