XSY.fi Launches Unity Stablecoin on Avalanche, Securing $5 Million in Funding

XSY.fi has launched its synthetic dollar stablecoin, Unity (UTY), on the Avalanche blockchain network. This innovative platform enables yield generation without liquidating AVAX holdings. The pre-seed funding of $5 million led by Protagonist and Borderless Capital with support from other notable investors fuels further development of this new DeFi offering.