Ambit Finance, a cross-chain decentralized stablecoin protocol, announced the launch of its mainnet and the release of its lending market protocol on the BNB chain. The core participants of this protocol are lenders and borrowers, who primarily interact with Ambit Finance's USDTVault to mint $AUSD. It is reported that $AUSD is a crypto-collateralized stablecoin backed by at least 1 USDT and generates profits through loan interests on the lending market. Lenders can mint AUSD by depositing USDT into AmbitFinance's $USDTVault, and its value increases over time due to the loan interest. Borrowers can borrow USDT from Ambit Finance's USDTVault and achieve circular borrowing by depositing whitelisted assets.