Secured Finance announces strategic partnership with Axelar and Squid to jointly promote USDFC mainnet launch

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Secured Finance announces strategic partnership with Axelar and Squid to jointly promote USDFC mainnet launch

02-19 05:12

Odaily News Secured Finance announced a strategic partnership with Axelar, a cross-chain interoperability platform, and Squid, a cross-chain exchange protocol, to jointly enhance the liquidity of the Filecoin ecosystem and welcome the FIL-collateralized stablecoin USDFC, which is scheduled to be launched on the mainnet in March 2025. The partnership aims to enhance the cross-chain exchange capabilities of the Filecoin Virtual Machine (FVM) and enable seamless transfer of assets between FVM and other mainstream blockchains such as Ethereum, Cosmos, and Avalanche. Axelar provides secure cross-chain interoperability support, while Squid is based on Axelar infrastructure to provide users with a "one-step" cross-chain exchange experience. By integrating these technologies, Secured Finance will lower the threshold for users to enter and exit FVM, improve liquidity and accelerate the popularity of USDFC. The launch of USDFC will provide a stable and secure on-chain transaction medium for the Filecoin ecosystem, further promoting the growth of FVM's DeFi ecosystem. In addition, Secured Finance will launch a task-based reward activity on the Galxe platform to encourage users to participate in cross-chain bridging. In the future, Secured Finance also plans to deploy liquidity pools on platforms such as Sushiswap and Uniswap, continue to expand cross-chain functions, and help the development of the Filecoin ecosystem.

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