Avalanche-based stablecoin center Stable Jack completes $1 million angel round financing

ChainCatcher news, according to official sources, the stablecoin center on the Avalanche chain, Stable Jack, has announced the completion of a $1 million angel round financing, with investor and valuation information yet to be disclosed.

It is reported that Stable Jack currently offers yield-bearing stablecoins, volatile AVAX tokens, and stable exchange products. The yield-bearing stablecoins emphasize capital efficiency, no liquidation risk, and no centralization risk. The volatile AVAX tokens provide DeFi composability without the need to pay financing costs or liquidation risks. The stable exchange promotes unilateral liquidity supply.