Manta Network, the world’s first and biggest modular L2 network, has announced its most recent cooperation with Anzen Finance. Users can now use USDz, the RWA-backed stablecoin, on Manta.
Anzen provides USDz, a stablecoin backed by institutional-grade real-world assets. The company ensures USDz’s stability through a diversified portfolio of private credit assets. Users can purchase, stake, and trade USDz on various decentralized exchanges.
More About This Integration
As a result of this development, the objective is to bring on board new users, form partnerships with more DeFi protocols, and expand USDz throughout the cryptocurrency ecosystem.
DeFi users can earn long-term benefits and diversify their portfolios by staking USDz tokens to get sUSDz currency. Anzen’s USDz is different from a fiat stablecoin like USDC or USDT. Instead, USDz is a dollar backed by tokenized Real World Assets (RWA).
By doing so, holders of USDz can protect themselves against the price changes and volatility associated with unbacked cryptocurrency tokens. In addition to diversifying their portfolios and protecting themselves from the market changes and volatility of unbacked cryptocurrency tokens, users of USDz have the opportunity to receive steady RWA yields.
