The new one1INCH stablecoin will be collateralized by a combination of USDC and 1inch’s native token.
Decentralized exchange aggregator 1inch has partnered with the ICHI platform to issue a new stablecoin pegged to the U.S. dollar.In a Thursday announcement, 1inch said it planned to mint a stablecoin “with a blend” of its native 1INCH token and USD Coin (USDC) through ICHI’s Decentralized Monetary Authority, or DMA. The new one1INCH stablecoin — all issuers on ICHI begin with the prefix „one,” referring to its Japanese namesake — is aimed at providing a medium of exchange to pay operating expenses, provide liquidity, and distribute liquidity rewards. “The one1INCH stablecoin can grow into an economic game changer,” says 1inch co-founder Sergej Kunz. “At scale, its treasury can drive value back to 1inch DeFi operations because it is minted and over-collateralized with 1INCH tokens.”Launched in May, ICHI’s
Źródło: https://cointelegraph.com/news/1inch-to-launch-dollar-pegged-stablecoin-with-ichi
