Stablecoin-as-a-Service for institutions & enterprises ๐๏ธ | Create branded digital money & advance your business into the Stablecoin Age ๐ช | Est. 2018 ๐ฑ
@samkazemian@KrwqCash@base 1. Tokenize foreign fiats/govt bonds
2. Deploy FX stablecoin liquidity pools
3. Transform TradFi yield โ DeFi yield
4. Strengthen liquidity, utility, adoption
Only Frax giga brains get this, plus the humble students of Frax at @Stably_Official ๐
All roads lead to @Frax (ยค,ยค)
1/ Introducing litUSD, the 1st regulatory-compliant stablecoin for mortgage finance!
๐ต Fully backed & redeemable 1:1 with USD
๐ก Sponsored by @LitFinancial_
๐๏ธ Compliant issuance via @brale_xyz
๐ Live pilot on @Ethereum network
๐ Coming soon to @base & other chains
We're proud to support the launch of $litUSD, the first GENIUS-compliant stablecoin for the mortgage industry!
Led by @LitFinancial_, a US-based mortgage FinTech projecting $1B+ annualized volume by 2026โwith @brale_xyz as the regulated issuer and Stably as stablecoin advisors.
๐จ Mortgage lender LitFinancial has launched a U.S. dollar-backed stablecoin, litUSD, on Ethereum.
Issued with @Brale_xyz and @Stably_Official, designed to cut treasury costs and bring transparency to mortgage finance.
@sndr_krisztian reports
https://t.co/S7KB3Si0aU
๐ litUSD Case Study:
https://t.co/xo1lRJs0iO
๐ก The Strategic Case for Branded Stablecoins:
https://t.co/UMU6ZRak4H
โน๏ธ Learn more at https://t.co/4m8vFFmH7s
@wadzhunts @CoinDesk@brale_xyz@sndr_krisztian Howdy! litUSD is actually backed 1:1 by US Dollar cash and cash equivalents, not mortgage backed securities. You can learn more here: https://t.co/xjDm0j5aI1
Actually, litUSD is fully backed by US Dollar cash and cash equivalents, held separately by Brale which is a registered money service business, not a mortgage lender. There's a clear firewall between mortgage lending and stablecoin collateral. You can learn more here: https://t.co/W8l9cYUP6L
Congratulations to @samkazemian, @stable, and the @fraxfinance team!
Stably has learned a TON from Sam and Frax over the years as well. We're glad to see another DeFi Stablecoin OG joining the Stable team ๐๐ค
1/ Iโm excited to announce that Iโm joining Stable's leadership team while continuing to lead Frax as CEO! This brings the Frax<>Stable<>Tether ecosystems closer together and combines our unique strengths into an unstoppable force for stablecoin adoption in the worldwide market!
Stablecoins, the next-generation digital money we've been building since 2018, are now officially regulated in the USA ๐บ๐ธ
Thank you, President @realDonaldTrump, Senator @SenatorHagerty, and all supporters of this monumental effort for the American economy!
Lastly, a grand toast to our fellow stablecoin innovators and industry pioneers who've also been at this for many yearsโwe finally made it! ๐ค
Let the Era of Corporate Stablecoins begin!
โI pledged that we would bring back American liberty and leadership and make the U.S. the crypto capital of the world... The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins.โ โPresident Trump
This afternoon, the House passed the GENIUS Act โ soon to be the first-ever crypto law in our nationโs history.
It will be great for the freedom and prosperity of American citizens, our businesses, and the Greatest Nation in the history of the world.
I look forward to being with @POTUS when he signs it into law very soon!