Bitcoin

DeFi

Merlin Chain

April

when

<h4><b>There have been many strategic partnerships in the crypto ecosystem, but this one stands out. Umoja, the smart money pioneer, joined Merlin Chain to launch USDb.</b></h4> 
<p><span style="font-weight: 400;">Every day, your dollar loses value; this is one way to maintain its value and still gain a high yield. Let’s discover more about this important development.</span></p> 
<h5><b>What is USDb?</b></h5> 
<p><span style="font-weight: 400;">USDT’s value is the same as the US dollar. No physical asset is backing it and </span><a href="https://x.com/umojaprotocol?s=21" target="_blank" rel="noopener"><span style="font-weight: 400;">Umoja</span></a><span style="font-weight: 400;"> is trying to achieve this by partnering with </span><a href="https://merlinchain.io/" target="_blank" rel="noopener"><span style="font-weight: 400;">Merlin Chain</span></a><span style="font-weight: 400;"> to introduce Bitcoin’s first-ever high-yield synthetic dollar. Umoja and Merlin’s chain launched USDb.</span></p> 
<p><span style="font-weight: 400;">USDb</span><span style="font-weight: 400;">, Bitcoin’s stablecoin, will maintain its value through some trading techniques developed by Umoja. USDb has many other features besides being Bitcoin’s stablecoin. USDb allows investors to earn high yields. How is this possible? By combining Umoja’s Synths technology and Merlin Chain’s Layer 2 working system, USDb can give investors a system to generate high yields and maintain its value.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">We're making Bitcoin fun, again! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f60f.png" alt="😏" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e7.png" alt="🟧" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Together with <a href="https://twitter.com/MerlinLayer2?ref_src=twsrc%5Etfw">@MerlinLayer2</a>, we're launching <a href="https://twitter.com/search?q=%24USDb&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDb</a>: the world’s first high-yield synthetic dollar on Bitcoin.</p> 
 <p>Aiming to bring the benefits of accessible crypto investment to everyone! </p> 
 <p>This collaboration merges Umoja's cutting-edge… <a href="https://t.co/DM8tXHDkcM">pic.twitter.com/DM8tXHDkcM</a></p> 
 <p>— Umoja (@UmojaProtocol) <a href="https://twitter.com/UmojaProtocol/status/1780215375407325601?ref_src=twsrc%5Etfw">April 16, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Umoja’s Synth is beneficial in many ways. It helps create synthetic versions of any cryptocurrency, fine-copying traditional financial equipment, and more private trading strategies. Synth’s features lead to high yield and enhanced security for USDb holders.</span></p> 
<p><span style="font-weight: 400;">Introducing USDb will also make asset management much more accessible for everyone. USDE, a <a href="https://www.altcoinbuzz.io/?s=stablecoin" target="_blank" rel="noopener">stablecoin</a>, is gaining traction, so let’s put USDb out there and see how it performs and proves itself to be a high-yield generator for holders.</span></p> 
<h5><strong>More About USDb</strong></h5> 
<p><span style="font-weight: 400;">Umoja’s founder, Robby Greenfield, emphasized how the partnership with Merlin Chain will lead to innovative outcomes since their goals and visions of building financial solutions on the Bitcoin network align.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Why play it risky when you can play it smart? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f937-200d-2640-fe0f.png" alt="🤷‍♀️" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Introducing <a href="https://twitter.com/search?q=%24USDb&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDb</a>: Bitcoin’s first high-yield Synthetic Dollar!</p> 
 <p>We're excited to announce a strategic partnership with <a href="https://twitter.com/MerlinLayer2?ref_src=twsrc%5Etfw">@MerlinLayer2</a> to redefine the DeFi ecosystem by merging our innovative asset management strategies, with… <a href="https://t.co/0hjU7gelmG">pic.twitter.com/0hjU7gelmG</a></p> 
 <p>— Umoja (@UmojaProtocol) <a href="https://twitter.com/UmojaProtocol/status/1780342982916395415?ref_src=twsrc%5Etfw">April 16, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">In conclusion, USDb is fresh air for the stablecoin market. Apart from being the same value as the US dollar, it also serves as a high-yield generation system for investors. USDb is a low-risk, high-yield system; that is what Umoja is all about. </span><span style="font-weight: 400;">Would you be a USDb holder, or will you miss out on this, too? </span><span style="font-weight: 400;">Check out our blog releases to stay at the top of your research this season.</span></p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
<div class="youtube-embed" data-video_id="_W2ktyIhTP8">
 <iframe title="Early Stage Altcoin Gems! Join The Shark Tank of Crypto" width="696" height="392" src="https://www.youtube.com/embed/_W2ktyIhTP8?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/umoja-merlin-chain-debut-bitcoins-high-yield-synthetic-dollar/">Umoja, Merlin Chain Debut Bitcoin’s High-Yield Synthetic Dollar</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Umoja, Merlin Chain Debut Bitcoin’s High-Yield Synthetic Dollar

Altcoin Buzz

Other articles published on Apr 18, 2024

ETFSwap (ETFS) Presale Crosses $1 Million Despite Bitcoin (BTC) Price Crash

New Zealand’s Reserve Bank launches consultation for a digital dollar, eyeing a 2030 release

Bernstein Singles Out Mining Stocks That Are Expected to Outperform

Bitcoin HODLers With Zero History Of Selling Just Bought All-Time High Amount

Dogecoin Faces Potential Price Corrections Despite Recent Gains

Solana Price Prediction: Will SOL Stand Firm Above $130?

Join our free newsletter for daily crypto updates!