STABLE JACK: THE FIRST YIELD-BEARING STABLECOIN ON AVAX

Summary from the TLDR Crypto newsletter

Stable Jack, a new protocol on Avalanche, was rolled out to build a yield-bearing stablecoin called aUSD. The aim of the initiative is to produce a capital-efficient, risk-free, decentralized yield-bearing stablecoin, creating an alternative stablecoin option for Avalanche users that is more efficient and easier than other options.