cryptonews.net
The DeFi ecosystem of the IOTA blockchain network continues to gain momentum. Fluent Finance announces the launch of the USPLUS stablecoin. With this integration, USPlus users gain the ability to redeem their stablecoins across various blockchains, marking a significant milestone for IOTA and Shimmer.
Fluent Finance, a decentralized finance platform, announced on October 13, 2023, its intention to implement smart contracts on the IOTA and Shimmer blockchains. The release of the USPlus stablecoin, a cryptocurrency pegged to the US dollar and backed by fiat, is the main goal of the integration. Platform representatives emphasized that the launch of the IOTA ecosystem is paramount to Fluent Finance's vision and mass adoption of its stablecoin product.
Additionally, the team expressed excitement about IOTA's features as a tech platform, including its innovative blockchain consensus design and Tangle's gasless digital identity feature. Fluent Finance appreciated the role of the Tangle community during the USPlus rollout process. The Fluent Finance team is considering the possibility of further cooperation with the IOTA blockchain and its community.
Image: Block-builders