DWF Labs reveals ‘overcollaterized’ synthetic stablecoin backed by Bitcoin and Ethereum

Oluwapelumi Adejumo

Prominent crypto market maker DWF Labs has finalized the design of its synthetic stablecoin which would be backed by a mix of digital assets, including Bitcoin and Ethereum. In a Sept. 5 post on X (formerly Twitter), DWF Labs co-founder Andrei Grachev revealed that the synthetic stablecoin would be overcollateralized and backed with fiat stablecoins […]

The post DWF Labs reveals ‘overcollaterized’ synthetic stablecoin backed by Bitcoin and Ethereum appeared first on CryptoSlate.

Go here to Read this Fast! DWF Labs reveals ‘overcollaterized’ synthetic stablecoin backed by Bitcoin and Ethereum

Originally appeared here:
DWF Labs reveals ‘overcollaterized’ synthetic stablecoin backed by Bitcoin and Ethereum