Fantom (FTM) Price Soars as FUSD Receives Major Update

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Fantom co-founder and blockchain architect Andre Cronje announced important innovations regarding the ecosystem's native overcollateralized stablecoin fUSD. According to the developer's post, these innovations are needed to make the systems more predictable and budget-friendly for builders, partners and users. Ensuring consistency in planning extends the horizon of opportunity for the ecosystem and is essential for the move toward fUSD v2, Cronje said.

The update from Cronje was greeted by FTM, Fantom's key token, with an increase of 7%. In just the last week, the token's price rose 26.1% to reach $0.48, the highest since May 2022.

(By Gamza Khanzadaev)

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