1inch to launch dollar-pegged stablecoin with ICHI

[sirty143]

Decentralized exchange aggregator 1inch has partnered with the ICHI platform to issue a new stablecoin pegged to the U.S. dollar. In a Thursday announcement, 1inch said it planned to mint a stablecoin “with a blend” of its native 1INCH token... See more for yourself here.

Your opinion is greatly appreciated.

[damsix]

The funds held by 1 inch are really very strong so that they are able to create stable coins that are ready to compete with top stable coins such as USDT, USDC, BUSD and Paxos.
This is an age progression from 1inch because the coin is able to collect so much money that it is able to create ICHI stable coins and this is really very good for the survival of 1inch in the future.

[KryptoBull]

Stable coin is becoming a big trend, after Tether, Coinbase, PAX, we see many projects issuing their own stable coins to grab market share. As far as I understand, when they own the stable coin of this project, they usually stick with the crypto product on that platform.