The MultiversX ecosystem is about to take a major leap forward in decentralized finance (DeFi) with the launch of USH, the first native stablecoin designed specifically for the network.
Developed by Hatom protocol, the leading DeFi platform by total value locked (TVL) in the MultiversX ecosystem, USH marks a transformative moment for on-chain liquidity, financial accessibility, and DeFi opportunities.
For the past 1.5 years, the Hatom team has meticulously designed USH to be the cornerstone of stable liquidity in the MultiversX ecosystem. Similar to DAI on Ethereum, USH is a fully over-collateralized stablecoin, with all reserves transparently recorded on-chain. This ensures predictable monetary mechanics, decentralized stability, and trustless financial infrastructure.
USH: a next-generation stablecoin for MultiversX
USH introduces a multifaceted minting model, allowing users to mint USH using various collateral assets. The most capital-efficient option will be isolated pools, which enable users to mint USH at a 0% minting fee using EGLD and wTAO assets**. This frictionless access to stable liquidity opens new avenues for capital efficiency across DeFi.
At launch, USH will integrate directly with the largest DeFi protocols on MultiversX, including xExchange, AshSwap, and xPortal, ensuring immediate adoption, use cases, and deep liquidity. In addition, leading ecosystem projects will support USH with dedicated liquidity pools, reinforcing its role as the go-to stablecoin for trading, lending, and DeFi applications.
Hatom protocol: the driving force behind USH
Since its launch in July 2023, Hatom protocol has established itself as the leading DeFi protocol on MultiversX. It offers lending and borrowing solutions, liquid staking, and, now, decentralized stablecoin issuance with the launch of USH. At its peak, Hatom achieved $285 million in TVL**, cementing its position as the ecosystem’s financial backbone.
With the introduction of USH, Hatom is expanding its influence beyond lending and staking, bringing a highly liquid, decentralized, and over-collateralized stablecoin to a network poised for exponential growth. This development solidifies MultiversX as a self sustaining DeFi ecosystem, no longer reliant on external stablecoins for liquidity and economic activity.
Learn more about USH. For more information about USH and Hatom protocol, visit:
- Hatom Official Website
- USH Official Website
- Hatom Protocol USH
