[Status Network Launches Own Stablecoin]
Status Network (SNT) announced its own stablecoin protocol, Firm (FIRM), to support the Layer 2 ecosystem. Built on the Ethereum (ETH)-based lending protocol Liquity V2, Firm will issue USF, a dollar-pegged stablecoin using Ethereum (ETH) and SNT as collateral. Benefits such as free gas fees will also be offered based on usage.
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