Startale Labs, the core developer of Astar Network (ASTR), has officially launched Startale USD (USDSC), a new dollar-pegged stablecoin designed to enhance the ecosystem's financial offerings. The stablecoin is fully collateralized by short-term U.S. Treasury Bills, ensuring transparency and price stability in line with regulatory trends. This move aims to address user concerns following past stablecoin collapses by emphasizing secure, real-world asset backing.
The project introduces a gamified rewards program called Star Points, where users earn one point daily for every $100 held, with the earning rate doubling after 150 days of continuous holding. Points can be redeemed for future benefits, though specific rewards remain undisclosed. Additionally, a savings feature promises returns of up to 14% annual percentage yield (APY), significantly higher than traditional banking products, though analysts caution about sustainability risks.
Integrated into the Startale App, USDSC offers a user-friendly experience with fully covered transaction fees and low costs. The launch aligns with Startale's broader vision to transform Astar Network into a full-stack blockchain service provider, bridging traditional finance and decentralized services. Despite the announcement, ASTR's price showed no immediate positive reaction, highlighting market caution around high-yield projects.
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