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What is Certo and stUSD?• Certo, a DeFi lending protocol, secured a seed investment from cyberFund, highlighting its potential impact on the DeFi landscape.
• Certo stUSD is a game-changer, allowing stablecoin users to earn interest through P2P lending, backed by tokenized US Treasury Bills.
Coinscribble – March 28, 2024 / Certo, a new DeFi lending protocol had received a seed investment from cyberFund, backed by funders of Lido DAO and early investors to Cosmos, Solana.
The project’s recent seed funding from cyberFund, known for its investments in significant blockchain projects such as Lido DAO, Cosmos, and Solana, marks an important step for Certo. This support underscores the industry’s recognition of Certo’s potential to offer innovative solutions within the DeFi space, particularly in the realm of stablecoins and yield strategies, says Certo spokesperson and Crypto OG Theo Goodman.
Certo stUSD distinguishes itself by allowing stablecoin holders to earn interest through P2P lending, backed by the security of tokenized US Treasury Bills. The new stablecoin stUSDcontrasts to stablecoins like USDC and USDT, because Certo allows users to securely lend their stablecoins against tokenized treasury assets. Certo’s model proposes a solution where users can leverage their stablecoin assets for income generation in a decentralized manner, without direct exposure to the underlying securities.
What is Certo and stUSD?
Certo aims to address regulatory and operational hurdles commonly associated with yield-generating securities in the DeFi ecosystem. The protocol ensures that stUSD holders generate interest not from the securities themselves but from the lending activities secured by tokenized US Treasury Bills. This structure facilitates a regulatory-friendly environment for P2P lending, reducing risk of stUSD to be seen as a security under traditional financial laws.
Users can convert traditional stablecoins such as USDT or USDC into stUSD, participating in a lending pool that provides liquidity while enabling interest accrual.
Learn More
You can learn more about Certo and stUSD on https://certo.finance and follow the latest updates on https://x.com/certofi and on https://blog.certo.finance
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
