MantaPay Launches Asset-Backed Stablecoin USDz on Its Layer 2 Network

MantaPay Launches Asset-Backed Stablecoin USDz on Its Layer 2 Network

MANTA Network (MANTA) has announced the launch of its asset-backed stablecoin USDz on its proprietary Ethereum Layer 2 network, MantaPay, via X. USDz is a stablecoin backed by institutional-grade private credit assets. The launch of USDz marks a significant milestone for MANTA Network as it expands its suite of financial products and services. USDz is expected to provide users with a more stable and secure option for transacting and storing value on the MantaPay network. "We are excited to introduce USDz to the MantaPay ecosystem," said Kenny Li, CEO of MANTA Network. "This new stablecoin will provide our users with a reliable and convenient way to transact and store value on our network." USDz is backed by a basket of institutional-grade private credit assets, making it a more stable and reliable option for users compared to other stablecoins that are backed by fiat currencies or other cryptocurrencies. In addition to USDz, MANTA Network has also launched sUSDz, a synthetic version of USDz that is designed to provide users with a more efficient and cost-effective way to transact on the MantaPay network. The launch of USDz and sUSDz is expected to further drive the adoption of the MantaPay network and make it a more attractive option for users looking for a secure and reliable way to transact and store value.