MultiversX USH Stablecoin Launch: Boosting EGLD Utility & DeFi Growth

MultiversX has launched USH, its first native decentralized stablecoin developed by Hatom Protocol. Pegged to the U.S. Dollar, USH introduces powerful new functionality to the MultiversX DeFi ecosystem.

What Is USH?

USH is an overcollateralized stablecoin backed by digital assets like EGLD. It offers a price-stable option for users to transact, save, and interact with decentralized applications without leaving the MultiversX network.

How USH Impacts EGLD Holders

• Collateral Utility: EGLD can now be used to mint USH, allowing holders to retain their EGLD position while gaining stable liquidity.
• Increased Network Staking: Locking EGLD as collateral helps secure the Proof-of-Stake system, enhancing the network’s resilience.
• More Adoption: Stablecoins attract DeFi users seeking low-volatility assets, drawing new capital and attention to EGLD.

Strengthening the MultiversX DeFi Ecosystem

USH marks a key milestone in MultiversX’s vision to be a self-sustaining, scalable financial network. Native stablecoins reduce dependence on external assets and streamline user interactions within the chain.

Conclusion

The launch of USH gives EGLD holders more control, utility, and yield potential while making MultiversX a more attractive platform for DeFi developers and users. It’s a smart, strategic upgrade to the ecosystem—and just the beginning.

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Sources

• Hatom Protocol Announcement
• MultiversX Official Site
• Hatom Whitepaper – USH
• MultiversX Blog