FinChain, under Fosun Wealth, Launches RWA-Backed Stablecoin FUSD on Avalanche

Odaily News Fosun Wealth Holdings' blockchain financial platform, FinChain, has launched the RWA asset-backed stablecoin FUSD on the Avalanche platform. FUSD is backed by compliant financial assets (including money market funds and government bonds), aiming to provide native yield while maintaining full liquidity and enabling broad applications in the DeFi space. (Avax)