RAAC Launches pmUSD, Bringing $200M Tokenized Gold to DeFi
RAAC, a decentralized Real World Asset (RWA) lending and borrowing ecosystem, is set to launch pmUSD, a stablecoin partially collateralized by ION.au. This move, in partnership with I-ON Digital Corp, will make $200 million of tokenized gold available for on-chain investment opportunities.
RAAC, a Chainlink Build Project and member of The Circle Alliance, is backed by Chainlink proof-of-reserves and attested by Instruxi. It bridges traditional and decentralized finance, and this deal positions it among the top 15 RWA protocols in decentralized finance by total value locked (TVL).
The genesis NFT collection of RAAC, RAAC Bots, was a resounding success. It was minted in less than 10 seconds on Magic Eden, with a community holding over $30 million in on-chain capital. I-ON Digital, which transforms real-world assets into blockchain-secured, regulated financial instruments, has invested up to $1 million in RAAC as a founding partner of the RWA Federation, a governance body for RAAC's RWA open finance ecosystem.
RAAC, currently in testnet and available to non-US persons only, is poised to make a significant impact in the decentralized finance landscape with the launch of pmUSD and the integration of ION.au. This partnership with I-ON Digital further strengthens RAAC's position as a leading RWA protocol.
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