Hubble Protocol Raises $5M to Expand Solana-Based DeFi Protocol

Hubble aims to create a Solana-based equivalent of MakerDAO: a DeFi protocol with a U.S. dollar-denominated stablecoin. Whereas MakerDAO is an early Ethereum-based DeFi protocol that allows users to trade its native stablecoin, DAI, Hubble users can borrow and mint USDH, Hubble’s native stablecoin.

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