Pangolin Has Signed A Partnership with OIN Finance

Pangolin has signed a partnership with OIN Finance. Pangolin announced the partnership in a blog post it shared today.

OIN, a decentralized, multi-chain stablecoin issuance platform, allows it to issue synthetic assets secured by its own cryptocurrencies, regardless of the size of the project. This means that any project can generate its own stablecoins to become part of a larger DeFi ecosystem. OIN defines its purpose as being a one-stop shop for cross-blockchain stablecoin generation, trading and implementation. Pangolin and OIN will launch two new tokens on the Avalanche network. The first of these will be $avaxUSD, an AVAX-backed stablecoin. The other will be $OIN, the governance token of the OIN platform. In addition, Pangolin will support liquidity pools and trading for AVAX-avaxUSD and AVAX-OIN pairs. Considering Pangolin's statements, the company thinks OIN Finance will play a key role in stablecoin production on the Avalanche network.