Stabolut

Stabolut is building an innovative global payments ecosystem. In September , they embarked on the development of USB, a Bitcoin-backed stablecoin designed to reflect the value of the US Dollar through an innovative method: shorting Bitcoin via a Bitcoin inverse perpetual swap. Asset-backed USB eliminates the need for bank accounts, ensuring immunity from crackdowns or frozen funds, and bolstering complete privacy and resilience. Tags: DeFi Stablecoin Protocol Bitcoin Ecosystem Founded: