Euler hinted at the launch of a synthetic dollar product within a few weeks.

Foresight News reports that according to BlockWorks, Euler plans to launch a synthetic dollar currency “within weeks”. The company stated that this move will enhance its DEX and lending operations. The interview did not disclose the token code, collateral model, or pegging mechanism. Euler co-founder Michael Bentley described this new product as a “USD synthetic coin” and added that Euler is now “more than just a lending protocol”; it is also a DEX. They believe that launching a synthetic coin within Euler's stack can avoid “value flowing outside the system” and “bring more value to token holders.”