UMA & REN Team up for Bitcoin-Based Yield Dollar

UMA and Ren Protocol are teaming up to offer a Bitcoin-backed stablecoin. The price of UMA’s uUSD stablecoin will tend towards  $1 as it approaches its maturity date, and will be redeemable for $1 of the collateral asset at expiry. In the meantime, the asset fluctuates in value in line with market demand. In the …

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