Fantom Foundation: Finalizing the fUSD clearing code base, currently under audit

On May 17, the Fantom Foundation announced on its personal social media platform that it is finalizing the fUSD clearing code base, which is currently under audit. If the audit passes, the clearing mechanism will be ready to take effect in 3-4 weeks. FUSD is an overmortgaged Stablecoin that uses FTM (sFTM) pledged as collateral. In addition, according to CoinMarketCap data show that fUSD is now quoted at $0.7412, down 7.98% in 24 hours, in a serious unanchored state.