Odaily Planet Daily News Secured Finance announced a strategic partnership with the cross-chain interoperability platform Axelar and the cross-chain exchange protocol Squid 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 cooperation 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 provides users with a "one-step" cross-chain exchange experience based on the Axelar infrastructure. By integrating these technologies, Secured Finance will lower the threshold for user assets to enter and exit FVM, improve liquidity, and accelerate the popularization 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.