On Tuesday, the Avalanche Foundation announced via a blog post that FinChain, a blockchain finance platform under Fosun Wealth Holdings, has launched FUSD, an Asian yield-bearing, RWA-backed stablecoin on Avalanche.
Issued by Fosun Wealth’s Web3 platform, FUSD introduces a new institutional stablecoin model purpose-built for regulated capital. Backed by compliant financial assets, including money market funds and government bonds, FUSD aims to deliver native yield while remaining fully liquid and usable across DeFi.
FUSD is designed to serve as a bridge between traditional financial assets and the Web3 ecosystem. Unlike traditional stablecoins, FUSD offers native yield derived from its underlying assets, including high-liquidity money market funds from top-tier institutions such as BNY Mellon, ChinaAMC, and Taikang.
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 2.7% today and currently trades at $8.58 per coin.
Hassan Maishera