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Home Science & Technology Startup Nation Tech Bits

Fuse Network launches Fuse Cash stable coin wallet

by  Noga Martin/ILH Startup Editor
Published on  05-12-2021 19:06
Last modified: 05-12-2021 18:07
Fuse Network launches Fuse Cash stable coin walletPRNewsfoto/Fuse Network

Fuse Cash features in-app decentralized exchange | Photo: PRNewsfoto/Fuse Network

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Payments-focused blockchain player Fuse Network has announced the public launch of its consumer-facing mobile wallet Fuse Cash.

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The blockchain-native wallet allows anyone to create an account using a phone number. Users are then able to load money into their digital wallet via credit card or bank transfer. Deposits are converted into FuseDollar (fUSD), a USD-pegged stable coin that is fully-backed by USD Coin (USDC).

Users are also able to trade their FuseDollar for other digital assets thanks to an in-app swapping function.

Assets available for swapping within the app include Fuse (FUSE), Ethereum (ETH), Bitcoin (BTC), The Graph (GRT), Kyber Network Crystal (KNC), Chainlink (LINK) & GoodDollar (G$). More assets will be added with user demand and in collaboration with token projects that partner with the Fuse ecosystem.

In order to supercharge Fuse Cash adoption, credit card and bank transfer depositing fees have been waived for a limited time.

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