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NewsBTC 2021-07-22 12:30:25

How Wault Finance’s New WUSD Token Could Create a New Paradigm for Stablecoins

At their 2021 peak, stablecoins were settling between $10 billion and $30 billion in transactions each day, data from Coinmetrics reveals. Therefore it’s fair to say, these digital assets are becoming more relevant for the crypto industry. However, there are many blind spots and concerns with some of the most popular stablecoins, such as Tether. Many go against the foundational principles of cryptocurrencies and blockchain technology because they rely on third parties for custody, governments for approval, and possess other potential points of failure. Recently though, cross-chain protocol Wault Finance has come up with a stable mechanism to introduce a new type of stablecoin, WUSD. Wault was launched in Q1, 2021 with under $150,000 in market cap, and has climbed its way up to one of the top platforms on the Binance Smart Chain (BSC) and Polygon ecosystems. Their stablecoin WUSD will operate with a commerce-backed mechanism to mitigate the limitations and trade-offs that affect other digital assets, which we will explore.   Wault Finance’s New Stablecoin and Its Positive Effect on the Market Wault Finance was created to offer users a one-stop-shop for the most popular and efficient DeFi-based use cases with some of the lowest fees in the crypto space. Users can benefit from WaultSwap, the protocol’s DEX, a launchpad, and a liquidity locker, to both discover new projects and launch their own. Though the W...

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