Platypus to Launch Its Stablecoin $USP on Testnet on December 28th
Dec 25,2022,06:59
Avalanche-based DEX Platypus announced it will launch its native stablecoin $USP on testnet on December 28th.
$USP is an over-collateralized stablecoin. Users can use the LP tokens in Platypus' Main Pool as collateral to mint $USP. Meanwhile, they can continue to farm on Platypus liquidity pool with their LP tokens. $USP's peg is maintained by the Platypus stableswap AMM algorithm and the interest rate model.
