Palladium and Botanix Labs have announced the launch of a new stablecoin, PUSD, on Bitcoin’s first EVM-equivalent Layer 2 network, according to a press release sent to Bitcoin Magazine.
The PUSD stablecoin, developed by Palladium Labs, boasts a unique feature of being over-collateralized by 110%, a strategic measure aimed at enhancing its resilience against potential risks inherent in DeFi infrastructure. Importantly, the stablecoin’s algorithmic monetary policy attempts to remain immune to governance changes or manipulation by administrator keys, aiming to ensure its integrity and reliability.
“To realize the true value of decentralized finance, crypto needs to break free from infrastructure that is susceptible to exploits and manipulation,” stated Palladium Labs CEO Akash Gaurav. “At Palladium, we designed this stablecoin for resilience and reliability. By leveraging the unique capabilities of the Botanix EVM, we can radically increase the security and reliability of stablec
We współpracy z: https://bitcoinmagazine.com/business/palladium-and-botanix-labs-launches-bitcoin-native-stablecoin-on-bitcoins-first-evm-layer-2
