L1 Network Canto Launches Overcollateralized Stablecoin NOTE Backed by Tokenized Short-Term U.S. Treasuries

According to official news, L1 network Canto launched the over-collateralized stablecoin NOTE. As an over-collateralized stablecoin supported by RWA of tokenized short-term U.S. Treasury bonds, each NOTE has more than $1 in collateral. NOTE cannot be issued, but can only be lent. The interest on loans is managed by the smart contract "accountant", and the interest rate is automatically adjusted according to the market price of NOTE to maintain price stability. All interest income will be deposited in the community treasury for public benefit and controlled by Canto governance. This move demonstrates another example of Canto's commitment to DeFi accessibility, transparency and decentralization. The principal address is: 0xa9F16643c3fE301b3B1e54d35622e661b6f36663, and the community treasury entrustment address is: 0x0dEE3d0F890dDaaA44D6bD2ce99b746cB7C6aF56.