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FinChain and Plume launch FUSD-based on-chain yield product

NewsFeeds update

FinChain, backed by Hong Kong's Fosun Wealth Holdings, has launched an RWA yield product with Plume that lets users borrow USDC against FUSD, which is backed by tokenised short-term US Treasuries and money market funds, and deposit it into a liquidity pool. The leverage cap is 90% and projected APY is up to 7.2%.

StablecoinsCoinNessAIBullish

Read the original on CoinNess

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.