R25 launches new yield-bearing stablecoin rcUSD+ on Polygon
Jinse Finance reported, citing The Block, that the stablecoin and RWA protocol R25, incubated by Ant Financial, has partnered with Polygon to launch a new yield-bearing stablecoin, rcUSD+, backed by traditional financial instruments. While maintaining a 1:1 peg to the US dollar, rcUSD+ provides yield through a portfolio of money market funds and structured notes. This token will circulate throughout Polygon's entire DeFi ecosystem.
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
Dom Kwok to XRP Holders: Next Bull Market Will Be the Biggest We’ve Ever Seen
SUI Price Reclaims $1 as Analysts Watch $1.50 Resistance
Smart ring manufacturer Oura (OURA.US) IPO reportedly oversubscribed by about 4 times
According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
Crypto prices
More
