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Singapore – July 9, 2024 – stUSDT has introduced a partnership with main safety audit agency ChainSecurity, which carried out a complete safety audit of its good contracts. The entire audit report and whitepaper is now obtainable on stUSDT’s official web site. This initiative demonstrates stUSDT’s dedication to safeguarding consumer belongings and strengthens its place as a safe and reliable platform for real-world belongings.
ChainSecurity, famend for its top-tier safety audits, has beforehand audited for established business gamers such because the Ethereum Basis, Circle, Polygon, Uniswap, MakerDAO, Curve, Compound, Lido and Yearn. Of their most up-to-date audit of stUSDT’s good contracts, no important or high-risk vulnerabilities have been recognized, demonstrating the platform’s strong safety measures.
Following the audit, stUSDT has applied safety suggestions from ChainSecurity by upgrading its contracts on June 24. The up to date system is below steady monitoring to make sure easy and safe operation. The entire audit report and whitepaper are readily accessible on stUSDT’s official web site. The whitepaper outlines the stUSDT protocol’s structure, design, and governance construction, in addition to its strong infrastructure that’s designed to guard consumer belongings.
“We’re happy to announce the profitable completion of stUSDT’s audit. Our thorough assessment, which was centered on entry management, practical correctness and solvency, discovered no main concern. We thank the stUSDT crew for his or her belief and professionalism as this audit underscores our dedication to sustaining the best requirements of safety and reliability within the DeFi ecosystem” – Matthias Egli, Founding Associate at ChainSecurity.
stUSDT, the primary rebase RWA protocol, operates by means of the decentralized JustLend DAO platform. The stUSDT platform is devoted to narrowing the hole between retail and institutional traders whereas connecting the crypto business with the actual world. By leveraging good contracts, stUSDT ensures equitable alternatives for all to interact with real-world belongings. Since its launch, stUSDT has gained important reputation, reaching a complete TVL of $269 million and providing an APY of 4.66% as of July 1, 2024.
*Disclaimer: Please bear in mind that stUSDT and any associated companies or choices will not be obtainable to customers in the US. This restriction consists of any transactions, interactions, or engagements with stUSDT. Customers residing within the U.S. mustn’t take part in stUSDT-related actions.
ABOUT stUSDT
stUSDT is the primary rebasing Actual World Asset (RWA) steady yield protocol on the TRON and Ethereum networks.
As a decentralized asset, the stUSDT token offers holders with tangible validation of their engagement in RWAs. Using good contracts, stUSDT permits decentralized asset methods, clear disclosure protocols, and strong asset administration. By bridging conventional finance and blockchain expertise, stUSDT empowers customers to take part in real-world asset alternatives and profit from potential yields. Setting a brand new commonplace for decentralized finance, stUSDT integrates stablecoin staking and RWA engagement with a give attention to governance, safety, and transparency.
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Colin Zhao
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