Institutional stablecoins are expanding on $AVAX 🌏

FinChain, a blockchain finance platform under Fosun Wealth Holdings and backed by Animoca Brands and others, has launched FUSD, an Asian yield-bearing, RWA-backed stablecoin on Avalanche!

Issued by Fosun Wealth’s Web3 platform, FUSD is backed by compliant real-world assets such as money market funds and government bonds, bringing native yield while remaining liquid and DeFi-ready as Avalanche continues to be the chain institutions choose to bring regulated capital onchain 🔺