eGold Backed Stable Coins Come To The Elrond Network Via OIN F | ElrondNetwork - Announcements

eGold Backed Stable Coins Come To The Elrond Network Via OIN Finance

In preparation for the Maiar Exchange launch, we are excited to announce that we are working with OIN Finance to issue the first EGLD backed stable coin on the Elrond mainnet!

Our collaboration will focus on deploying the OINDAO framework on the Elrond Network to issue an eGold backed USD-pegged stable coin. In addition, a portion of the OIN token supply will be minted on our mainnet in the ESDT format. Both tokens can be used to pursue DeFi opportunities on the Maiar Exchange.

“The eGold currency has been conceived to be a store of value with powerful utility in the Elrond ecosystem. Its use as collateral for stable coins allows holders to access liquidity and engage in additional DeFi opportunities which will further drive ecosystem growth.” said Beniamin Mincu, Elrond Network CEO.

Read more: https://elrond.com/blog/egold-backed-stable-coin-oin-finance

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