Nikolas Sargeant
On Wednesday, the Uniswap team announced via X that OUSD from Open Standard is live on Uniswap. OUSD is a new stablecoin for global money movement, supported by over 200 partners, including Visa, Mastercard, Coinbase, and Stripe.
Uniswap joins the network as a critical execution layer for OUSD, with millions in liquidity from day one. As part of this collaboration, Uniswap Labs is working with OpenStandard on a new v4 hook
Built to programmatically distribute OUSD rewards through the Uniswap Protocol to liquidity providers.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. No order book or centralized party is required to make trades.
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems that plagued the first decentralized exchanges.
UNI, the native token of Uniswap, is currently trading at $9.09, up 3.2% in the last 24 hours.
