Tezos has been working on building a Defi ecosystem that can compete with the Ethereum blockchain. They aim to attract users by providing Defi services with lower fees and quicker transactions. With the currently high gas fees we've been experiencing on Ethereum some may find this to be just what they've been looking for.

Tezos Stable Technologies, ltd

Tezos Stable Technologies (aka Stabletech) is a subsidiary of the newly launched Tezos Stablecoin Foundation, which seeks to advance Defi development on the Tezos blockchain. Stabletech will support the develpoment of FA tokens built on the Tezos blockchain, as well as USDtz and a list of other assets.

Dapp Governance

• TRU tokens: The Trustee governance token powers the Trustee Governance system. Participation achieves the execution of the Trustee Governance Systems decentralized autonomous organization .
• SABZ token: The governance token of StableTez. It will serve as a parent token for all stablecoins in the StableTez network.

The genesis supply of SABZ tokens will be airdropped to Trustees in proportion to their TRU token holdings. The remaining 50% of the supply can be gained by staking USDtz and other StableTez assets.