CandleFocus DWF Labs to debut its synthetic stablecoin by Q1 2025
2024-09-24
Author: Content Editor
DWF Labs, a crypto venture capital firm and market maker, plans to launch its synthetic stablecoin between Q4 2024 and Q1 2025. The stablecoin is expected to offer an APY of 12%, with higher yields for BTC/ETH, blue-chip assets, and low liquidity altcoins. The stablecoin will support a variety of assets and feature full-chain minting and redemption capabilities. DWF Labs has already secured approximately $500 million in total locked value from partners and supporters. The stablecoin will compete with leading stablecoins like Tether and Circle's USDC. Ripple is also working on launching its stablecoin, Ripple USD, to enhance liquidity and support cross-border payments.
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