According to Odaily Planet Daily, L1 network Canto officially announced the launch of the over-collateralized stablecoin NOTE. NOTE is an over-collateralized stablecoin supported by RWA of tokenized short-term U.S. Treasury bonds, and each NOTE has more than $1 in collateral. NOTE cannot be issued, it can only be loaned out. The interest on loans is managed by the smart contract "accountant", and the interest rate will automatically adjust according to the market price of NOTE to maintain price stability. All interest income will be deposited in the community treasury for the public interest and controlled by Canto governance. This move demonstrates Canto's commitment to DeFi, namely providing accessibility, transparency and decentralization.
