Ambit Finance is introducing a new decentralized stablecoin protocol called $AUSD designed to generate yields built on BNB Chain and backed by Binance Labs.
$AUSD is collateralized by $USDT. Users can deposit $USDT to mint $AUSD or deposit other assets like $WBTC and borrow $USDT.
Ambit Finance prioritizes protocol safety and security, employing an isolated collateral mechanism and completing two comprehensive audits.
