Kamino launches USD1, a USD-pegged stablecoin
Jinse Finance reported that Kamino announced on the X platform the launch of the USD1 stablecoin. USD1 is a US dollar-denominated stablecoin that can be exchanged 1:1 for US dollars and is 100% asset-backed, mainly by US government money market funds and cash equivalents. Kamino now supports lending operations using USD1 on Solana.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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