Nano Labs partners with Orbiter Finance to develop stablecoin distribution and exchange service

Nano Labs (NASDAQ:NA) announced on Tuesday a partnership with Orbiter Finance for the development of a compliant stablecoin distribution and exchange service.

Shares were +3.90% pre-market to $8.00.

The service is expected to support various compliant stablecoins, including those pegged to USD, HKD, offshore RMB.

The new solution aims to provide users with low-cost, compliant cross-chain transfers and mainstream token exchanges.

The initial product is expected to launch in the fourth quarter, with the tentative domain name NBNB.io.