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Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin

Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin

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Native USDC in Cosmos fills the void left by Terran’s UST Stablecoin | Coinparative






















Cosmos, the fledgling decentralized finance (DeFi) ecosystem, previously relied on Do Kwon’s promise of a digital dollar and the algorithm behind it to build an on-chain lending, borrowing and currency market. After the UST crashed, several different stablecoins took its place—the most popular being wrapped USDC, a synthetic version of the centralized USDC stablecoin released on the Ethereum blockchain—but these alternatives did not provide users with the same security that a natively issued stablecoin could.

Read the full article on Coin Desk





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