Fuse Network x Angle Protocol Collaboration
Fuse Network has announced a major collaboration with Angle Protocol (Angle) that already resulted in the first euro-pegged stablecoin (agEUR) becoming available for users on the Fuse Network blockchain.
Angle is the first over-collateralized, decentralized and capital-efficient stablecoin protocol. It has launched agEUR which has become one of the biggest and most liquid Euro stablecoins in the market.
Angle is also a decentralized multichain protocol for issuing asset-backed stablecoins backed by major fiat currencies. Just like Fuse, the project has a strong focus on payments and decentralized finance, as well as broadening crypto adoption.
Stablecoins created through Angle are based on overcollateralization. However, made more efficient by relying on hedging agents and liquidity providers in addition to liquidity seekers. In its quest to make stablecoins more widely available, Angle received support from major venture capital investors.
Angle’s first stablecoin agEUR has recently become the largest Euro-pegged stablecoin by decentralized exchange (DEX) trading volume. And the collaboration between Fuse and Angle has allowed users to officially bridge agEUR to the Fuse Network blockchain via the Multichain platform. agEUR is currently available for trading on the agEUR/FUSE pool on the Voltage Finance DEX. Fuse has also launched a liquidity rewards program to incentivize liquidity providers on the pool.
The deployment of agEUR to Fuse is an important first step towards expanding the range of high-quality stablecoins available for projects, businesses and users on Fuse. Fuse will also be working closely with Angle on maximizing agEUR’s utility within the ecosystem as well as on exploring new collaboration modalities.
About Angle
Angle is the first over-collateralized, decentralized and capital-efficient stablecoin protocol. It has launched agEUR which has become one of the biggest and most liquid Euro stablecoins in the market.
About Fuse
Fuse is a platform featuring a fast and low-cost, Ethereum-compatible layer-1 blockchain, a robust plug-and-play mobile-centric crypto payments infrastructure for creating token-based applications and a rapidly growing ecosystem of payments, decentralized finance and NFT projects.
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