Coin98 launched a decentralized cousid stablecoin – Bits Media

Popular Vietnamese Cryptocheast Coin98, The audience of which has more 5 million users, announced the launch of his own decentralized stablecoin Cusd.

The purpose of creating stablecoin Coin98 USD (Cum) Representatives of Coin98 named the association of pools liquidity on various blockchains. CUSD will create a single measure of value and introduce it into each liquidity pool.

“CUSD is a fully secured stablecoin, which should become a measure of value for various blockchains and satisfy the demand for crosschain liquidity in Defi projects ", - says in the company's statement.

Initially, the new stablecoin will be introduced into Coin98 products, However, the developers hope, That in the future token will use other Defi projects in the “Multichan world”.

At the initial stage, the Busd and USDC stabilcoins will be used as provision, But in the future, the list of assets to provide CUSD will be expanded. At the same time, the translation of Busd and USDC to CUSD will be free, But for reverse transactions, it is planned to take a commission in 0.5%.

Now Coin98 USD smart contracts are auditing from "highly professional companies", Moreover, the reports on audits are planned to be posted in free access. Initially, the new stablecoin will appear in the networks of the Ethereum, BnB Chain и Provision.

Recall, what, According to Chainalysis, Vietnam remains the leader in the adoption of cryptocurrencies.