Startale Labs, the developers behind Astar Network (ASTR), have announced the launch of a new stablecoin project called ‘Startale USD’ (USDSC). The project aims to create an immersive ecosystem with features like Star Points rewards and savings functionalities that promise up to 14% APY returns. Startale USD is pegged to the US dollar at a 1:1 ratio, offering transparent collateralization for price stability. Furthermore, users can enjoy low transaction fees and fully sponsored gas through the Startale App. The company also introduces a new rewards program called Star Points. Users earn points daily based on their asset holdings. The longer they hold, the more points accumulate with multipliers that double after 150 days. These points can be redeemed for benefits and rewards in the future. However, it’s worth noting that recent history has seen many stablecoins experience dramatic price drops, emphasizing caution when considering projects promising high returns. The collateral structure of Startale USD is based on short-term US Treasury Bills. This announcement did not significantly impact the price of ASTR.