The USD stable coin basket is now live on @Backpack, quoting all spot markets and settling all futures. Fiat, USDC, and, soon, other stables like pyUSD will automatically convert upon transferring into/out-of the exchange. Up next: more stables and 4% treasury yield.
Now that this has been going smoothly, the next step is to turn USDC into a stable coin and fiat basket on platform. For anything in the basket, you’ll be able to redeem at par value one to one. Up next.
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