Breaking News in Crypto The Status Network has announced the upcoming launch of its proprietary stablecoin protocol, FIRM, which will introduce a U.S. dollar-pegged stablecoin, USF, backed by a dual-collateral system of Ethereum and the network's native SNT token.

USF will offer gas-free transactions, enhancing blockchain accessibility and efficiency. This move aims to bolster the network's Layer 2 ecosystem with a native, collateral-backed digital dollar. The protocol's unique collateral basket aligns the stablecoin's health with the success of the Status Network.

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