Jack Jia, a former Consensys employee and co-CEO of Stable.com, has introduced USD3, a new stablecoin aimed at providing a "payments-first" solution despite regulatory ambiguity.
USD3 operates on Ethereum (CRYPTO:ETH), Polygon (CRYPTO:MATIC), Avalanche (CRYPTO:AVAX), and Linea, offering a 1:1 peg to the U.S. dollar to facilitate global commerce and Web3 transactions.
Jia unveiled the stablecoin at Consensus 2024, highlighting its future-proof vision and ambition to become a cornerstone of the global payments system.
As discussions around stablecoin regulation continue, initiatives like USD3 seek to navigate regulatory hurdles while capitalising on the growing demand for stable digital assets.