Stabolut Launches USB, A Fully Decentralized, Dollar-Pegged Stablecoin

The post Stabolut Launches USB, A Fully Decentralized, Dollar-Pegged Stablecoin appeared first on Coinpedia Fintech News Stabolut, a fintech company, has launched USB, a Bitcoin-backed stablecoin aiming to be a fully decentralized and reliable stablecoin pegged to the USD. It uses a unique approach to retain this peg by shorting Bitcoin using derivatives. Introducing USB: An Alternative Stablecoin The collapse of UST, which was, before its collapse last year, the largest …