Dapper Labs Announces a New Dollar Stable Coin in Partnership with Prime Trust

Dapper Labs, the gaming company behind the Flow blockchain, announced a partnership with financial infrastructure provider Prime Trust to launch a new dollar-backed stablecoin, FUSD, which operates in a similar manner to Circle’s USDC and Gemini’s GUSD, among others, according to CoinDesk. CEO Roham Gharegozlou said FUSD represents the first ERC-20-like token on Flow, enabled by the Flow Client Library (FCL), a new tool to speed up development of the network.

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