Asymmetry Partners with Ampleforth and Paid Network to Launch afUSD
Asymmetry Finance, a liquidity collateralized derivative agreement, is launching a fully on-chain synthetic US dollar, afUSD, with a flexible supply based on market conditions, through partnerships with stablecoin project Ampleforth and decentralized application Paid Network. It is reported that the algorithmic stablecoin uses Ampleforth's adjustment mechanism to control token supply at a specific price, and according to Asymmetry, its elastic model can protect its stablecoin from financial pressures in the real world.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institutions are looking for ‘1000x’ opportunities in crypto: Coinbase
Coinbase Institutional’s David Duong looked at how crypto performed in January and explains where crypto’s growing
Bitwise CIO says Bitcoin’s four-year cycle may be broken by Trump’s new crypto executive order
Sei Foundation launches $65 million DeSci venture fund 'Sapien Capital'
Sei Foundation has launched Sapien Capital, a $65 million venture fund to back DeSci startups building on its Layer 1 Sei blockchain.The foundation has fully committed the $65 million, with no external capital involved, Justin Barlow told The Block.
The Daily: Trump Media approves Truth.Fi launch and crypto investments, Robinhood teases bitcoin futures trading and more
Trump Media & Technology Group has launched a fintech venture called Truth.Fi, aiming to invest up to $250 million in bitcoin, similar cryptocurrencies or crypto-related securities, ETFs and other financial assets.Popular retail platform Robinhood teased the launch of bitcoin, ether, oil and gold futures trading on Wednesday alongside S&P 500, USD and EUR futures, facilitated by the CME Group.