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

CAT September 5, 2024 1 min read

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 […]

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

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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