Gate News reported that on March 15, Scallop Lend completed a comprehensive formal verification conducted by Asymptotic (Mysten Labs' official audit partner). The verification confirmed the mathematical correctness of the protocol's core mechanisms, including critical modules such as core accounting logic, liquidation calculations, access control, and fixed-point arithmetic operations.

The entire chain Rollup L1 network Initia launches its native stablecoin iUSD, supported by Agora's AUSD, and cross-chain via LayerZero. The revenue from iUSD will flow back into the ecosystem, allowing users to provide liquidity on DEX and lend or deposit into the treasury.