Ex-Consensys employee Jack Jia's fintech venture Stable.com introduces USD3, a 1:1-backed stablecoin set to launch on Ethereum, Polygon, Avalanche, and Linea.
Stable.com, a fintech company co-founded by former Consensys employee Jack Jia, is launching a new 1:1-backed stablecoin developed “with a programmatic layer in mind.” The stablecoin, USD3, is set to launch on Ethereum, Polygon, Avalanche, and Linea.
Speaking to Cointelegraph, co-CEO Jia elaborated upon the measures Stable.com is employing to ensure the security and trustworthiness of USD3: “While the current global regulatory environment has been slowly improving, there is still insufficient clarity on how stablecoins and other cryptocurrencies will be regulated. A strong and clear regulatory framework will be critical to the long-term success of stablecoins.”warned that yield-bearing stablecoins are more at riskIn the same vein, Cointelegraph asked Jia how the new USD3 stablecoin will address the common issues faced by other stablecoin projects.
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