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Pareto has launched a synthetic dollar USP backed by private credit to connect institutional investors with Decentralized Finance opportunities.
Pareto has launched a new synthetic dollar, USP, which connects institutional investors with DeFi opportunities. Users can deposit assets in stablecoins for minting at a ratio of 1:1. The deposited funds will be placed in a credit vault and lent to vetted institutional borrowers, allowing users to earn returns. Pareto employs a "native support" process and arbitrage mechanisms, establishing a stability reserve to maintain the peg to the dollar and address borrower defaults.
DEFI-2.31%

