1Inch has partnered with decentralized stablecoin protocol ICHI to launch the stablecoin One1Inch

According to Blockbeats, on-chain transaction aggregator 1Inch has teamed up with decentralized stablecoin protocol ICHI to launch the stablecoin One1Inch, which can be used to pay operating expenses, provide liquidity and distribute liquidity rewards.  

The One1Inch stablecoin will mix the 1Inch token and USDC minted, making it minted and redeemed at a value of $1. The 1Inch Foundation will also donate $100,000 of 1Inch collateral to support the One1Inch token, These funds will enable the One1Inch token to be minted using 80% USDC and 20% 1Inch instead of the traditional 95% USDC and 5% 1Inch, further increasing demand for the 1Inch token and ensuring its value.    

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