10x Research: How a FIL Backed USD stablecoin by Secured Finance would boost the Filecoin ecosystem
Many participants interacting with Filecoin data would benefit from added flexibility and financialisation
New research by 10X Research has revealed the massive benefits on offer to users of a U.S. Dollar-denominated stablecoin being launched within the Filecoin ecosystem.
Filecoin is among the most rapidly-growing platforms in Web3, and there is a massive amount of untapped value on the decentralised file storage network waiting to be unlocked. Between high-level support from a number of foundations and 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 apparent with each passing day, especially as the data stored on the protocol increasingly becomes the fuel powering the AI...