Axal launches automatic stablecoin savings platform

Axal, invested by a16z Crypto, announced the launch of an automated stablecoin savings platform that aggregates multiple top lending protocols to provide users with deposit rates higher than traditional banks. The platform will automatically allocate users' stablecoins to the protocol with the best interest rate, helping to increase returns and simplify the operation process. Last year, it was reported that Axal, a self agent network development company, completed a pre financing of $2.5 million, led by CMT Digital.