XSY.fi launches Unity (UTY) dollar-pegged stablecoin on Avalanche (AVAX)

XSY.fi, a multi-service DeFi ecosystem, announced earlier today that its flagship product, Unity (UTY), a USD-pegged stablecoin, is live in beta on Avalanche (AVAX) blockchain.

Capital management platform XSY.fi announced the beta roll-out of its flagship product, Unity (UTY), a dollar-pegged stablecoin, on the Avalanche (AVAX) blockchain network. The platform also shared the results of its fundraising.

A total of $5 million was secured in a round led by Protagonist and Borderless Capital. Paper Ventures, Chainview Capital, Blizzard the Avalanche Fund, Sonic Boom Ventures and other strategic investors also backed XSY.fi in its fundraising endeavors.

"We are excited to announce the beta launch of Unity, a USD-pegged stablecoin on Avalanche, and to welcome new investors who share our vision for the future of DeFi capital management, " shared W. Sean Ford, CEO of XSY.

DeFi has made extraordinary technical progress, but accessing complex, high-performing strategies remains fragmented and operationally intensive. Avalanche provides the speed, scalability, and composability that sophisticated DeFi strategies like Unity demand making it a natural foundation for our platform's debut.

Announced in December, Unity is a next-generation digital synthetic dollar designed to unlock liquidity and capital efficiency within blockchain ecosystems.

Engineered by pairing long spot holdings with short perpetual futures, Unity enables AVAX holders to maintain their existing AVAX exposure while accessing sustainable yield. Unity has already attracted over $20 million in commitments prior to beta launch.

"We’re excited to welcome XSY to the Avalanche community," said John Nahas, Chief Business Officer at Ava Labs. "By delivering institutional-grade yield on Avalanche’s high-throughput, interoperable network, XSY.fi bridges DeFi and TradFi. Real-world financial infrastructure is being built on Avalanche with a focus on long term innovation."

During beta release, the first DeFi yield strategy available to early users is the delta-neutral yield strategy.

Avalanche’s high-performance infrastructure, fast finality and deep native liquidity maintains that strategic capital deployed into Unity remains active, composable and seamlessly integrated within the ecosystem from day one.