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Coin98 Wallet collaborates with Standard Protocol to provide solutions for stablecoins

Publish by Coin98 Wallet at 08 June 2021

Standard Protocol, the very first collateralized rebasable stablecoin (CRS) protocol for synthetic assets based on Polkadot, has joined the Coin98 Wallet family as a partner to connect users with better algorithmic stablecoins.

The partnership between Coin98 Wallet and Standard Protocol is based on our mutual interest in providing the solutions to the problems with stablecoins: price instability, centralized oracles and hard-to-track auctions. This said, Coin98 Wallet will be supporting Standard Protocol’s 3-token system, including Meter (MTR), Liter (LTR) and Standard (STND).

More specifically, Coin98 Wallet users will have a whole new experience in the crypto market, including getting access to the collateralized stablecoin with elastic supply and AMMs with liquidated collateral. We are expecting to support Standard’s tokens in our upcoming Coin98 version X and Coin98 Extension Wallet, providing more accurate price information while enabling yield farming, staking and multiple other activities that users can use to generate profits.

Through this collaboration, Coin98 Wallet hopes to support Standard protocol in developing their protocol and accelerating the Polkadot ecosystem. Moreover, this partnership is one step forward for Coin98 Wallet to bring our DeFi gateway to more users worldwide.

About Standard Protocol

Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets that will operate within the Polkadot ecosystem. It is also the first and only project from Korea to be awarded a Polkadot Web3 foundation grant and prides itself on its global community growth approach.

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About Coin98 Wallet

Coin98 Wallet is a non-custodial wallet used to store, manage, trade, swap multi-chain, multi-source digital assets. It supports the most popular chains, including BTC, ETH, TOMO, Tron, Binance Smart Chain, Solana, Polkadot, Kusama, Huobi ECO Chain, Near, Avalanche, Binance Chain, Celo, Band, Kava, Cosmos, Thor, Fantom, Polygon, Persistence. Coin98 Wallet has both the Mobile App and the Extension version that act as a gateway, connecting users to the DeFi world.

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Non-custodial Wallet & DeFi Gateway

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