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deUSD Launches on Avalanche

Share on · Published 1 year ago on November 20, 2024 ·

Hassan Maishera

On Tuesday, the Avalanche Foundation announced via X that deUSD has launched on the Avalanche blockchain thanks to its partnership with BlackRock’s Securitize.

On Tuesday, the Avalanche Foundation announced via X that deUSD has launched on the Avalanche blockchain thanks to its partnership with BlackRock’s Securitize. Elixir’s deUSD RWA Institutional Program provides DeFi with over $1B of tokenized RWAs.

Through Elixir’s RWA program, holders of BlackRock’s USD Institutional Digital Liquidity (BUIDL) Fund and other Securitize-issued tokenized assets can now access deUSD liquidity in DeFi while continuing to earn yields from their underlying investments. With 1:1 USDC redemption through atomic on-chain liquidity, deUSD offers a secure, efficient gateway for institutional-grade DeFi engagement.

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down 4% today and currently trades at $33.96 per coin.

Next article PNC Lets Business Clients Accept USDC and Cash Out in Dollars

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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