USDFC Stablecoin Launching on Filecoin Promises Massive Benefits to Users

New research by 10X Research has revealed the massive benefits on offer to users of a US Dollar-denominated stablecoin being launched within the Filecoin ecosystem.

New research by 10X Research has revealed the massive benefits on offer to users of a US Dollar-denominated stablecoin being launched within the Filecoin ecosystem.

The decentralised file storage network is among the most rapidly growing platforms in Web3, and there is a huge amount of untapped value waiting to be unlocked.

From high-level support from several foundations to an ever-growing list of ecosystem partners, the importance of a publicly open, peer-built lending market and a liquid source of on-chain Dollars is becoming more apparent with each passing day, especially as the data stored on the protocol increasingly becomes the fuel powering the AI revolution.

Among the 10x research report’s main findings, it is believed that such a coin would bring expanded possibilities similar to how DAI impacted Ethereum’s DeFi markets.

These benefits include but are not limited to:

* Increased possibilities for yield-generating strategies.

* Expanded avenues for liquidity management.

* A natural hedge against the volatility of FIL, providing a stable medium of exchange for everyday transactions.

* A broader range of use cases for defi protocols within the ecosystem.

* Enhanced accessibility for new users who prefer to transact in US Dollars.

Secured Finance has been contributing to the Filecoin ecosystem to bring to market USDFC, a product that would largely fill the role described above. This stablecoin would be overcollateralised and pegged to the value of FIL in USD.

“We believe that the Filecoin ecosystem is ripe for further innovation and adoption,” said Masa Kikuchi, CEO at Secured Finance. “By enabling ecosystem participants to transact in US Dollars, a whole new world of optionality opens up and should enable more rapid growth of the overall platform.”

“We are grateful to 10x Research for highlighting the potential of USDFC to contribute significantly to the flourishing Filecoin ecosystem. At Secured Finance, we are dedicated to fostering a vibrant and inclusive DeFi landscape.”

By comparison, the amount of ETH tokens backing Maker Dao’s DAI token grew to more than seven billion dollars within two years of launch and currently stands at XX billion. A similar impact on the Filecoin ecosystem would be a trajectory-altering outcome for the project.

To learn more about USDFC or Secured Finance, please visit http://secured.finance; or follow Secured Finance on X at https://www.x.com/Secured_Fi.

About Secured Finance

Secured Finance revolutionizes fixed-income with on-chain orderbook lending & bond issuance and FIL-backed stablecoin, USDFC.

Powered by smart contracts, the Secured Finance platform delivers transparent, low-cost, fixed-rate lending and true financial inclusion in DeFi 2.0.

About 10x Research

10x Research is a leading digital asset research firm delivering institutional-grade crypto market insights, trading signals, investment strategies, and fundamental analysis for digital assets.

With a focus on quantitative analysis, macro trends, and systematic trading models, 10x Research helps clients make informed decisions in the fast-moving crypto space.