⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

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

Published 07/22/2021, 07:20 AM
Updated 07/22/2021, 07:30 AM
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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.