Platypus Launches $USP Stablecoin

Avalanche-based DEX Platypus announced the launch of $USP, its native over-collateralized stablecoin.

$USP aims to improve capital efficiency. Users can deposit assets on Platypus and use the LP tokens as collateral to mint $USP. Meanwhile, they can continue to farm on Platypus liquidity pool with their LP tokens.