The payment company Stabolut has launched the decentralized stablecoin USB

ChainCatcher news, payment company Stabolut announced the launch of a decentralized, dollar-pegged, Bitcoin-backed stablecoin ------ USB. Stabolut co-founder and CEO Eneko Knorr believes that Stabolut is setting a new industry-leading standard for transferring financial value on the internet and cryptocurrency markets through USB.

Stabolut co-founder and CTO Julian Beltran stated, "Given the collapse of UST and the instability caused by the decoupling of USDC after the recent bank failures we have seen this year, there is a clear market demand from users for reliable stablecoins. With USB, Stabolut aims to usher in a new era of global exchange that is transparent, privacy-protecting, fast, inexpensive, and interoperable." (source link)