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Threshold Network launches thUSD, a decentralized stablecoin softly pegged to the US dollar

Threshold Network launches thUSD, a decentralized stablecoin softly pegged to the US dollar

2024/04/01 15:18

ChainCatcher news, according to official news, Threshold Network announced the launch of Threshold USD (thUSD), a decentralized stablecoin softly pegged to the U.S. dollar. The collateral for this stablecoin is Bitcoin and Ethereum. Unlike other stablecoins, the reserves may be opaque and often Storage differs off-chain, allowing users and stakeholders to verify on-chain collateral in real-time.

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Data: "Maji" Ethereum long positions were partially liquidated again, with the account balance falling below $270,000.

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