Fuse Network unveils Fuse Cash, a user-friendly stablecoin wallet

By Pavithra R

Fuse Network, a leading, payments-focussed blockchain player has announced the public launch of its consumer-facing mobile wallet Fuse Cash.

The intuitive, blockchain-native wallet allows anyone to create an account using a phone number. Users can then load money into their digital wallet via credit card or bank transfer. Deposits are converted into FuseDollar (fUSD), a USD-pegged stable coin that is fully-backed by USD Coin (USDC).

Users can send money to anyone, anywhere in the world 24/7/365 with zero fees and can also trade their FuseDollar for other digital assets by leveraging its unique, in-app swapping function. Assets available for swapping within the app include Fuse (FUSE), Ethereum (ETH), Bitcoin (BTC), The Graph (GRT), Kyber Network Crystal (KNC), Chainlink (LINK) & GoodDollar (G$). The firm has plans to add more assets with user demand and in collaboration with token projects that partner with the Fuse ecosystem.

The combination of feeless payments, easy-to-use bank-to-wallet deposits and in-app crypto swaps makes Fuse Cash an innovative gateway for ordinary people to access decentralized finance (DeFi). Adding to this ease of use, users will soon also be eligible to earn 5% APR simply by holding FuseDollar in their Fuse Cash wallet.

Fuse was founded in 2019 with a mission to bring the power of mobile payments to communities around the world. Fuse network is a fast, decentralised and low cost alternative to existing digital payments. The company, to supercharge Fuse Cash adoption, credit card and bank transfer depositing fees have been waived for a limited time.