According to Odaily, Balanced has officially launched on the Injective mainnet, bringing the over-collateralized bnUSD stablecoin into the Injective ecosystem. Balanced allows users to borrow its native stablecoin, bnUSD, and facilitates cross-chain exchanges, enabling the transfer of assets from any network integrated with Balanced to Injective. This process allows for nearly instant transactions with fees amounting to only a few cents.
Balanced is described as a cross-chain platform that enables users to borrow, exchange, and bridge native assets across different blockchains. The integration with Injective aims to enhance the efficiency and cost-effectiveness of transactions within the ecosystem.
