The Good Tech Companies - 10x Research: How a FIL Backed USD Stablecoin By Secured Finance Would Boost The Filecoin Ecosystem

Episode Date: February 27, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/10x-research-how-a-fil-backed-usd-stablecoin-by-secured-finance-would-boost-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 Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #secured-finance, #btcwire, #press-release, #secured-finance-announcement, #filecoin, #blockchain-development, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com. 10X Research has revealed the benefits on offer to users of a U.S. Dollar-denominated stablecoin being launched within the Filecoin ecosystem. These benefits include but are not limited to. Increased user adoption from an on-chain reserve stablecoin.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. 10x Research. How a fill-back USD stablecoin by secured finance would boost the Filecoin ecosystem by BTC Wire. 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. Filecoin is among the most rapidly growing platforms in Web3, and there is a massive amount of untapped value on the decentralized 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 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 user adoption from an on-chain reserve stablecoin would make Filecoin's platform more accessible to a wider audience of users. Enhanced liquidity and stability by eliminating the need for users to transact and fill a universe of opportunity by being able to leverage loop trading, carry trades, and fixed income instruments within Filecoin's ecosystem.

Secured Finance has been contributing to the Filecoin ecosystem to bring to market USDFC, a product that would largely fill the role described above. Thissible coin would be over-collateralized and pegged to the value of fill 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. By comparison, the amount of ETH tokens backing MakerDAO's DAI token grew to more than $7 billion within two years of launch

and currently stands at XX billion. A similar impact to 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 hothttps://www.x.com/.secured underscore fi.about secured finance Secured Finance revolutionizes fixed income with on-chain order book lending and bond issuance and fill-backed stablecoin, USDFC. Powered by smart contracts, our 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. Tip This story was distributed as a release by BTC Wire under HackerNoon's business blogging program. Learn more about the program here, and thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.