Thala Labs Developing Aptos' Native Stablecoin $AST

Blockchain development team Thala Labs announced that it's developing Aptos' native over-collateralized stablecoin $AST. Thala Labs said that $AST will utilize native assets in Aptos ecosystem as collateral to remove potential bridge-related risks. In addition, $AST will focus on yield-bearing collateral, such as liquid staked $APTOS, to pursue high utility.