Stablecoin U has been online for less than a day, and its circulating supply has already reached $58.9 million.

BlockBeats News, December 19, according to on-chain information, the stablecoin U announced its launch yesterday, and in less than a day since its launch, the circulating supply has reached $58.9 million.

Earlier news, United Stables announced the official launch of the U.S. dollar stablecoin U, which is currently deployed on both the BNB Smart Chain (BSC) and Ethereum (ETH) blockchains, and has completed multiple ecosystem integrations.

In terms of ecosystem integration, U has integrated and supported major DeFi protocols including PancakeSwap, Aster, Four.meme, ListaDAO, allowing users to directly engage in on-chain trading, staking, lending, and liquidity providing. In terms of wallet support, some wallets have synchronously launched U. Apart from the on-chain world, U has also been listed on a centralized exchange platform.