Aave Labs Proposes Bringing Tether’s USAT Stablecoin to Avalanche V4

Aave Labs has proposed onboarding Tether America USD (USAT) to the Aave V4 Core Instance on Avalanche, beginning the governance process for a stablecoin that had previously been identified as the intended borrowing asset in a planned tokenized-asset credit market on the network. The October 19 proposal was submitted through Aave’s Direct to AIP route, according to the Aave Governance forum . It is a proposal rather than a completed deployment: risk parameters and the final configuration have not yet been supplied, leaving the market design and approval process unfinished. The proposed Avalanche token contract is 0x9A5926fd88F747c357738b1e82aFB46AB80f0A6b .

Source: Crypto Daily