DeFi Technologies to launch stablecoin in partnership with Fire Labs

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MarsBit
05-20
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Mars Finance reports that, according to PR Newswire, Nasdaq-listed DeFi Technologies has announced a strategic partnership with Fire Labs to launch a compliant stablecoin issued by a US-licensed bank, officially entering the real-world assets (RWA) field. It is understood that the stablecoin adopts a 105% over-collateralization mechanism, with accompanying issuance of compliant yield-generating tokens. Kraken, as a strategic partner, will provide access support through its institutional-level platform Kraken Embed. Additionally, DeFi Technologies has completed a 19.5% minority stake investment in AFT, the parent company of Fire Labs.

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