Platypus to Launch Its Stablecoin $USP on Testnet on December 28th

Avalanche-based DEX Platypus announced it will launch its native stablecoin $USP on testnet on December 28th.

$USP is an over-collateralized stablecoin. Users can use the LP tokens in Platypus' Main Pool as collateral to mint $USP. Meanwhile, they can continue to farm on Platypus liquidity pool with their LP tokens. $USP's peg is maintained by the Platypus stableswap AMM algorithm and the interest rate model.