According to ChainCatcher, Avalanche on-chain stablecoin center Stable Jack announced the completion of a $1 million angel round of financing. Investors and valuation information have not yet been disclosed. Stable Jack currently provides yield-based stablecoins, volatile AVAX tokens, and stable exchange products. Among them, yield-based stablecoins emphasize capital efficiency, no liquidation risk, and no centralization risk. Volatile AVAX tokens provide DeFi composability without paying financing fees or liquidation risks, and stable exchanges promote unilateral liquidity supply.