Umbrella Network Announces Partnership With MahaDAO

Umbrella Network is pleased to announce a partnership with MahaDAO, a stablecoin platform that has launched the world’s first valuecoin, ARTH(arthcoin.com). ARTH is a stablecoin platform that is not pegged to the US Dollar, but instead pegged to the Global Measurement Unit (GMU) and hence is able to appreciate over time against the US Dollar. Under this partnership, MahaDAO’s algorithmic stablecoin ARTH will use Umbrella Network’s oracles to securely price its GMU, which is a mixture of assets that keep its token price stable.