Starknet Launches Rune Stablecoin Backed 1:1 by USDC Reserves

Odaily News Starknet announced the launch of the Rune stablecoin, which is backed 1:1 by USDC reserves, on the X platform. Each USDC will be minted as a Rune asset on Bitcoin, and each USDC rune is backed 1:1 by the fully locked USDC reserves on Starknet. Users can redeem USDC trustlessly at the contract level through Starknet's Runes Bridge.
Currently, USDC rune assets can be traded on Xverse and Dotswap.