July 18, 2024
1 Solar System Way, Planet Earth, USA
Crypto

stUSDT published a ChainSecurity security audit report and whitepaper

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Singapore – 9 July 2024 – stUSDT has announced a partnership with leading security auditing firm ChainSecurity, which conducted a comprehensive security audit of its smart contracts. The full audit report and whitepaper are now available on the stUSDT website. official websiteThis initiative demonstrates stUSDT’s commitment to protecting users’ assets and strengthens its position as a secure and trusted platform for real-world assets.

Renowned for its top-tier security audits, ChainSecurity has previously conducted audits for established industry players such as the Ethereum Foundation, Circle, Polygon, Uniswap, MakerDAO, Curve, Compound, Lido, and Yearn. In its most recent audit of stUSDT smart contracts, no critical or high-risk vulnerabilities were identified, demonstrating the platform’s robust security measures.

Following the audit, stUSDT has implemented ChainSecurity’s security recommendations by updating its contracts on June 24. The updated system is under continuous monitoring to ensure smooth and secure operation. The full audit report and whitepaper are available on the stUSDT website. official websiteThe whitepaper outlines the architecture, design, and governance structure of the stUSDT protocol, as well as its robust infrastructure designed to protect user assets.

“We are pleased to announce the successful completion of the stUSDT audit. Our thorough review, which focused on access control, functional correctness, and solvency, did not find any major issues. We thank the stUSDT team for their trust and professionalism, as this audit underlines our commitment to maintaining the highest standards of security and reliability in the DeFi ecosystem,” Matthias Egli, Founding Partner at ChainSecurity.

stUSDT, the first RWA rebase protocol, operates through the decentralized DAO platform JustLend. The stUSDT platform is dedicated to bridging the gap between retail and institutional investors, while connecting the cryptocurrency industry to the real world. By leveraging smart contracts, stUSDT ensures equal opportunities for everyone to interact with real-world assets. Since its launch, stUSDT has gained significant popularity, reaching a total TVL of $269 million and offering an APY of 4.66% as of July 1, 2024.

*Disclaimer: Please note that stUSDT and any related services or offerings are not available to users in the United States. This restriction includes any transaction, interaction, or engagement with stUSDT. Users residing in the U.S. should not engage in activities related to stUSDT.

About stUSDT

stUSDT is the first stable yield real-world asset (RWA) protocol on the TRON and Ethereum networks.

As a decentralized asset, the stUSDT token offers holders tangible validation of their RWA stake. By utilizing smart contracts, stUSDT enables decentralized asset strategies, transparent disclosure protocols, and robust asset management. By bridging traditional finance and blockchain technology, stUSDT enables users to participate in real-world asset opportunities and benefit from potential returns. Setting a new standard for decentralized finance, stUSDT integrates stablecoin staking and RWA staking with a focus on governance, security, and transparency.

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Colin Zhao
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