The savings and spending app Eco converts users' dollar deposits into USDC

Chain Catcher news, according to CoinDesk, the savings and spending app Eco will convert user dollar deposits stored at Prime Trust into USDC and keep them in the digital settlement service Zero Hash. Users must accept the conversion terms by October 24, or their account functions will be suspended.

It is reported that Eco raised $70 million in July 2021 to promote its USDC savings product, with a16z participating in that round of financing. (Source link)