Foresight News reports that the full-chain Rollup L1 network Initia has launched its native stablecoin, iUSD. iUSD is backed by Agora’s AUSD and bridged cross-chain to Initia via LayerZero. The official statement says that unlike other stablecoins where the yield belongs to the issuer, iUSD will flow back into the ecosystem. Users can provide liquidity for the iUSD-USDC and INIT-iUSD trading pools on Initia DEX; lend out iUSD on Echelon (coming soon); and deposit iUSD into The Cabal treasury (coming soon).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Ethereum Foundation Bug Bounty Program's maximum reward has been increased to $1 million.
Gate News Announcement: On March 10th, Ethereum Foundation Security Researcher Fredrik tweeted that the Ethereum Foundation's bug bounty program's maximum reward has been increased from $250,000 to $1,000,000. The scope includes protocol bugs, client bugs, language compiler bugs, deposit contract bugs, and dependency errors. Infrastructure vulnerabilities (such as web, DNS, email, etc.), ERC-20 contract bugs, Ethereum Name Service (ENS) vulnerabilities, and others are not covered by this bounty program.
GateNews5m ago
Cross-chain bridge protocol LI.Fi launches Agentic Commerce API and AI Agent Toolkit
Gate News Announcement: On March 10, the cross-chain bridge protocol LI.Fi launched the Agentic Commerce API. Users can build on-chain Agentic workflows by integrating this API. Additionally, LI.Fi released the AI Agent Toolkit, which includes the MCP server and agents.
GateNews25m ago
Alibaba Cloud "Shadow JVS" renamed to "JVS Claw," opens invitation-only beta testing
Alibaba Cloud JVS Claw Team's OpenClaw application has been renamed to "JVS Claw." The product centers around a customizable Clawbot and supports various skills and custom features. Currently in closed beta, users need to apply for an invitation code. Each user can create one bot, with a free quota of 8000 Credits, valid for 14 days.
GateNews53m ago
Gondi initiates compensation after $230,000 vulnerability, recovers stolen NFTs and returns them to the original owner
NFT Lending Protocol Gondi Announces Compensation for Users Who Suffered Losses Due to Smart Contract Vulnerability, with Approximately 78 NFTs stolen, estimated at around $230,000. The vulnerability stemmed from a logical flaw in the "Sell & Repay" contract, allowing attackers to transfer NFTs without owning them. Gondi is currently compensating users through a three-pronged approach: contacting affected users, recovering stolen NFTs, and repurchasing similar items using the proceeds. Other platform functions have returned to normal.
MarketWhisper1h ago
Virtuals Protocol introduces the ERC-8183 standard to build an AI agent business layer
Virtuals Protocol launched the ERC-8183 standard on March 10th, aiming to build a business layer for AI agents. The standard includes the "Job" primitive and three-party roles, supporting state transitions and custom logic, providing a business foundation and reputation signals.
GateNews1h ago
Pudgy Penguins launches browser-based free game Pudgy World
Gate News Announcement, March 10, - Pudgy Penguins announced on the X platform that the browser-based free game Pudgy World is now live. Players can access the game without downloading, explore 12 unique towns in The Berg, help Pengu find Polly, and participate in mini-games. The official statement says this is an important step in expanding the Pudgy Penguins audience and universe.
GateNews1h ago
