The smart money protocol Umoja has joined forces with the Bitcoin layer two (L2) initiative, Merlin Chain, to roll out a Bitcoin-based high-yield synthetic dollar. The newly introduced stablecoin is engineered to uphold a self-sustaining peg via transparent, onchain trading techniques developed by Umoja. Merlin Chain and Umoja Reveal USDb: The New High-Yield Synthetic Dollar […]
Original
Related posts
-
From Sidechain to ZK: Merlin Chain Pioneers Transformation in the Bitcoin Ecosystem
PRESS RELEASE. Since its inception, Merlin Chain has adeptly leveraged its technical strengths and flexible strategies... -
Bitcoin’s Drop on Thursday Spurred Short-Term Holders to Sell BTC at a Loss: Van Straten
The panic selling was the most since Aug. 5’s yen carry trade unwind. Short-term holders —... -
Abu Dhabi Firms Launch Investment Fund to Tokenize U.S. Treasury Bill ETFs
Two Abu Dhabi firms, Realize and Neovision Wealth Management,...