We are excited to announce our new strategic partnership with Standard Protocol, a collateralized rebasable stablecoin (CRS) protocol for synthetic assets that operate across multichain ecosystems, currently supporting Ethereum and Shiden Network and expanding to Polygon and Metis (Ethereum Layer 2) by end of this year.
Standard Protocol x PIST TRUST
With Standard Protocol’s stablecoin interoperability, and PIST TRUST as a one-stop platform on digital assets management connecting their strong ecosystem of retail and e-commerce partners ecosystem, together we will be the robust payment solution of Hybrid Finance (HyFi).
PIST Wallet — “P PASS App”
PIST Wallet, “P Pass” is a stablecoin that holds a value equal to Korean Won (KRW) by linking a traditional bank of Korea to the PIST Wallet. Within the PIST Wallet, users can use the DApp function for mutual conversion of “PIST” coin and “P Pass” stablecoin with KRW, and use “P Pass” in real payment for goods and services within PIST Trust payment partner and ecosystem. Read more on the functionality of the P PASS wallet.
We will be issuing Standard Protocol governance token, STND, from the PIST Trust mainnet, and staking pool will be available in our PIST Wallet. Following the addition of STND token in our mainnet, we will also launch a liquidity pool of STND and PIST in the Standard DEX supported network, from Ethereum to Shiden Network, and explore other upcoming chains including Polygon. With Standard Protocol stablecoin, Meter (USM) launching on Dec, we will also explore USM integration in PIST Trust Wallet with “P PASS App” as a settlement currency.
We are very grateful to partner up with Standard Protocol and we hope this collaboration can expand our ecosystem for the better.
About Standard Protocol
Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets that will operate across multichain ecosystems, with our in-built DEX as a market maker to ensure capital-efficient liquidation process and stability of our stablecoin MeterUSD ($USM). It is also a recipient of the Shiden Network Builders Program Grant, Polygon #DefiForAll Fund and Polkadot Web3 Foundation Grant. Standard Protocol strives to innovate as the next-generation digital asset and prides itself on its global community growth approach