TechFlow News — On May 6, DeFi project Ape Finance announced the launch of apeUSD, a stablecoin backed by APE. According to the announcement, apeUSD will be pegged to the U.S. dollar, allowing users to mint apeUSD by staking APE. Additionally, Ape Finance plans to launch an apeUSD-FRAX liquidity pool on Curve, with APEFI serving as the project’s governance token. A genesis NFT offering (825 units) will soon launch to provide initial liquidity for the project, though specific details have not yet been disclosed.
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