According to BlockBeats, USD1Swap, a decentralized exchange platform within the Mova ecosystem, announced the official launch of the "Genesis Eagle Project" on September 14th, marking a new phase in the platform's development.
USD1Swap is reportedly basing its technology on the Mova public chain to leverage its high performance, compliance modules, and modular architecture. The MOVA public chain has previously received support from multiple international investors, including the Aqua1 Foundation, and is seen as a further investment in the "compliant DeFi + Recycled Water App (RWA)" liquidity market.
USD1Swap CMO Smith stated that the "Genesis Eagle Project" is just the beginning. USD1Swap will continue to expand stablecoin trading, on-chain RWA integration, and the application of Web2 to Web3, striving to become a representative protocol that combines performance, compliance, and community-driven development.
Leveraging its liquidity engine powered by the RAMM protocol, USD1Swap will launch new cross-chain bridges, Launchpad, and theme pool features, and explore on-chain incubation models that combine DeFi and RWA.