VILNIUS, Lithuania, Dec. 11, 2024 /PRNewswire/ -- BingX, a global leading cryptocurrency exchange, announces the debut of AUSD on its Launchpool platform. With a total prize pool of 150,000 AUSD, this initiative offers BingX users seamless access to staking opportunities with stable dollar-pegged investments.
AUSD will serve as a native stablecoin of the Agora, enabling unified liquidity across connected blockchains. Designed as a centralized yet credibly neutral stablecoin, AUSD is set to expand across all major blockchains. Built on the principle of neutrality in money, it fosters an open model that incentivizes participation from diverse stakeholders – including exchanges, applications, fintech platforms, and payment providers – to contribute to and benefit from the ecosystem's growth and adoption.
The BingX Launchpool introduces an easy-to-use staking system for AUSD, allowing users to:
"With AUSD on the BingX Launchpool, we are redefining how users engage with stablecoins," said Vivien Lin, Chief Product Officer of BingX. "With our Launchpool's user-friendly features like flexible staking, automated rewards, and seamless withdrawals, investors gain a streamlined and rewarding experience. AUSD's stability, combined with the convenience of our platform, empowers users to confidently expand their portfolios while participating in the broader stablecoin ecosystem."
The AUSD launch marks a significant milestone for BingX as it continues to innovate with a focus on flexibility and inclusivity. Having a comprehensive promotional campaign and exclusive benefits for new participants, BingX aims to make AUSD's debut a success.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
AUSD Debuts on BingX Launchpool for Stablecoin Staking
SINGAPORE, Dec. 11, 2024 /PRNewswire/ -- Supply Chain Angels (SCAngels), the corporate venture arm of YCH Group, has announced a strategic partnership with MakeIt, a pioneering B2B fashion supply chain tech platform. This collaboration aims to streamline operations in the fashion industry by integrating innovative technologies that redefine efficiency, transparency, and sustainability across the supply chain.
A Game-Changer for the Fashion Supply Chain
MakeIt introduces a groundbreaking platform designed to address critical challenges in the fashion supply chain. By combining a Manufacturing Execution System (MES) with an intelligent sourcing platform, MakeIt enables factories to digitise operations, significantly reducing defect rates while boosting productivity.
The sourcing platform further transforms the industry by directly connecting fashion brands with factories in ASEAN. This direct connection simplifies procurement, reduces lead times, and enables quicker responses to fast-changing market trends. Fashion brands will be able to leverage MakeIt's technology to meet consumer demands with agility and efficiency.
Driving Innovation and Efficiency
By digitising and integrating operations, MakeIt's platform enhances the end-to-end supply chain process, delivering unparalleled benefits:
Strategic Synergy for ASEAN
Partnering with SCAngels allows MakeIt to leverage YCH Group's extensive logistics network across ASEAN. Together, they aim to create a seamless supply chain ecosystem, enabling ASEAN fashion manufacturers to build efficient supply chains and logistics. This partnership represents a significant step towards modernising the fashion supply chain in the region.
Leadership Insights
Mr Anantha Nayak, Co-Founder of MakeIt, stated: "MakeIt's platform is built to address inefficiencies in the fashion supply chain. Partnering with Supply Chain Angels propels us closer to our vision. By combining technology with logistics expertise, we are making the fashion supply chain more efficient, sustainable, and profitable."
Mr Isaac Chua, Partner of SC Angels and Head of Corporate Investment at YCH Group commented: "Investing in MakeIt reflects our commitment to innovation and efficiency in supply chain management. This partnership strengthens our ability to deliver cutting-edge solutions that meet the evolving needs of the fashion industry while supporting the digital transformation of supply chains across ASEAN."
For media inquiries, please contact:
Cecil Chua 
Head of Corporate Communications, YCH Group 
Email: cecil.chua@ych.com 
About YCH Group
YCH Group is Singapore's leading homegrown, end-to-end supply chain solutions partner to some of the world's largest companies and favourite brands across more than 100 cities in the Asia Pacific region. YCH focuses on boosting productivity and sustainability for its customers with its proprietary best-in-class suite of award-winning solutions across industries such as fast-moving consumer goods, electronics, chemical and healthcare, cold chain logistics, and e-Commerce. A strong proponent of innovation, YCH is recognised for its 7PL™ approach in seamlessly integrating supply chain strategy with execution.
About Supply Chain Angels
Supply Chain Angels (SC Angels) is the corporate venture arm of YCH Group. SC Angels invests in start-ups that are synergistic and complementary to YCH Group's supply chain and logistics business with the aim of "Creating Unicorns in the Supply Chain." SC Angels deploys funds into high-growth technology enterprises and technology start-ups that are at the forefront of delivering innovative, disruptive solutions in their industries with investment mandate, including but not limited to, start-ups that have high growth potential with a technology focus in areas such as the "Uberisation" of Logistics, the Internet of Things (IoT), 3D printing, Big Data, Robotics and FinTech.
About MakeIt
MakeIt is a B2B fashion supply chain tech platform operated by The Fashion Bond Pte Ltd. It combines a Manufacturing Execution System (MES) with an intelligent sourcing platform, connecting brands directly with factories and digitising operations to create faster, more efficient, and sustainable supply chains.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Supply Chain Angels Partners with MakeIt to Transform Fashion Supply Chains
