According to Odaily Planet Daily, Stable.com, a fintech company founded by former Consensys employee Jack Jia, is launching a new 1:1 supported stablecoin USD3, which will be listed on Ethereum, Polygon, Avalanche and Linea. USD3 aims to provide developers and enterprises with interoperable trading methods and simplify DApp integration. Co-CEO Jack Jia said that Stable.com is a regulated financial institution in the United States with an extensive compliance program developed by industry veterans. USD3 will always be supported by US dollars or cash equivalent at 1:1, and will undergo regular internal and external audits to ensure transparency and compliance. He also said that despite the gradual improvement of the global regulatory environment, the regulation of stablecoins and cryptocurrencies is still not clear enough. A strong and clear regulatory framework is crucial to the long-term success of stablecoins.

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