Avalanche on-chain stablecoin center Stable Jack completes $1 million angel round of financing

Stable Jack, the stablecoin center on the Avalanche chain, announced the completion of a $1 million angel round of financing. The investors and valuation information have not been disclosed yet. It is reported that Stable Jack currently provides yield-based stablecoins, volatile AVAX tokens, and stable exchange products. The 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. Stable exchange promotes one-sided liquidity supply.