The Solana ecosystem algorithmic stablecoin UXD Protocol launches UXD on the new public chain Sei

Chain Catcher news, the new public chain Sei focused on DeFi announced today that the Solana ecosystem algorithmic stablecoin UXD Protocol is launching UXD on the new public chain Sei.

Sei stated that the integration of the UXD stablecoin, as a fundamental component of DeFi, will provide Sei users with a permissionless, decentralized, and stable unit of account. Additionally, UXD is the first Cosmos-native stablecoin deployed on Sei. (Source link)