The Haven team has announced they will launch the first private stablecoin, xUSD, on Haven’s mainnet on July 20, 2020. This is exciting news because it bring a new coin into the mix. And it's one directly tied to USD as well.
The launch will require a hard fork of Haven’s chain to implement the xUSD exchange code. After xUSD launch, the circulating supplies of XHV and xUSD will fluctuate dynamically as a result of the mint and burn process at the core of Haven’s protocol.
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