Fintech company LitFinancial launches US dollar stablecoin litUSD on Ethereum chain

Regulated mortgage fintech company LitFinancial announced a partnership with stablecoin-as-a-service platform Brale and stablecoin consulting firm Stably to launch the US dollar-backed stablecoin litUSD. litUSD is built on the Ethereum blockchain and aims to modernize the traditional lending model, simplify funding operations, and improve the transparency of mortgage financing, while complying with the GENIUS Act.