Cove mainnet launched and launched CoveUSD, which received a $3 million financing led by Electric Capital

Foresight News reported that the on chain revenue platform Cove announced the launch of its mainnet and introduced CoveUSD, allowing users to earn profits on Ethereum. Users who deposit CoveUSD will also receive Cove tokens. At present, Cove only runs on Ethereum and plans to expand to other chains in the future. Cove stated that it has undergone three audits by Zellic and Pashov Audit Group. Storm Labs, the development studio of Cove, completed a $3 million Pre Seed round led by Electric Capital in April this year, with participation from Accomplice, Daedalus, and Robot Ventures.