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Australian based cryptocurrency, Havven, has launched the first iteration of its stablecoin, called eUSD. Havven is a decentralised payment network, and eUSD is the initial version of the nomin token, backed by ether, which seeks to keep a stable value of USD$1. eUSD is directly redeemable for ETH, and its release will allow Havven to observe and extract data that will assist in the rollout of the network.

Havven executed the largest token sale by an Australia-based cryptocurrency in February, raising USD$30 million. eUSD is currently able to be traded against ETH on IDEX and Radar Relay, as well as at the Havven website. The other token in the system, the havven token (HAV), is already trading against ETH on KuCoin, Qryptos, CoinSpot, and several other exchanges.

The founder of Havven, Kain Warwick, says this release is an important milestone in their roadmap for 2018. “After any token sale, it is vital for a project to prove that they can deliver quickly on the product they promised....

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