BTC logo
BTC
$111,259.21
0.04%
ETH logo
ETH
$4,046.72
0.00%
USDT logo
USDT
$1.0005
0.03%
BNB logo
BNB
$1,187.62
1.03%
XRP logo
XRP
$2.4483
1.43%
SOL logo
SOL
$197.30
1.84%
USDC logo
USDC
$0.9999
0.00%
TRX logo
TRX
$0.3218
1.48%
DOGE logo
DOGE
$0.1992
0.66%
ADA logo
ADA
$0.6776
1.40%
HYPE logo
HYPE
$38.72
1.11%
LINK logo
LINK
$18.39
0.87%
USDE logo
USDE
$0.9999
0.06%
XLM logo
XLM
$0.3287
1.05%
BCH logo
BCH
$523.00
0.95%
SUI logo
SUI
$2.6879
3.27%
AVAX logo
AVAX
$22.12
0.51%
WBT logo
WBT
$42.15
1.34%
LEO logo
LEO
$9.6345
0.06%
HBAR logo
HBAR
$0.1822
1.22%
BTC logo
BTC
$111,259.21
0.04%
ETH logo
ETH
$4,046.72
0.00%
USDT logo
USDT
$1.0005
0.03%
BNB logo
BNB
$1,187.62
1.03%
XRP logo
XRP
$2.4483
1.43%
SOL logo
SOL
$197.30
1.84%
USDC logo
USDC
$0.9999
0.00%
TRX logo
TRX
$0.3218
1.48%
DOGE logo
DOGE
$0.1992
0.66%
ADA logo
ADA
$0.6776
1.40%
HYPE logo
HYPE
$38.72
1.11%
LINK logo
LINK
$18.39
0.87%
USDE logo
USDE
$0.9999
0.06%
XLM logo
XLM
$0.3287
1.05%
BCH logo
BCH
$523.00
0.95%
SUI logo
SUI
$2.6879
3.27%
AVAX logo
AVAX
$22.12
0.51%
WBT logo
WBT
$42.15
1.34%
LEO logo
LEO
$9.6345
0.06%
HBAR logo
HBAR
$0.1822
1.22%
Tech
Share this article

New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing

Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH).

By Sage D. Young|Edited by Nick Baker
Updated Jun 5, 2023, 2:00 p.m. Published Jun 5, 2023, 2:00 p.m.
(Alfred Gescheidt/Getty Images)
(Alfred Gescheidt/Getty Images)