Stories and Reviews
February 26, 2025

10x Research: How a FIL Backed USD stablecoin by Secured Finance would boost the Filecoin ecosystem

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 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 in FIL
  • 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. This stablecoin would be over-collateralised and pegged to the value of FIL – 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 U.S. 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 Maker Dao’s DAI token grew to more than seven billion dollars within two years of launch, and currently stands at several 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 X at https://www.x.com/Secured_Fi.

About Secured Finance


Secured Finance revolutionizes fixed-income with on-chain orderbook lending & bond issuance and FIL-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.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

More articles
Gregory Pudovsky
Gregory Pudovsky

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

Hot Stories

The Cost of Progress: When AI Becomes a Weapon

by Victoria d'Este
October 24, 2025
Join Our Newsletter.
Latest News

Third-Week Crypto Partnership Surge

by Victoria d'Este
October 24, 2025

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion
Sponsored Stories and Reviews
RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion
October 24, 2025
Enhanced Risk-Control Framework Helps MEXC Cut Organized Crime by 36% in Q3 2025
Stories and Reviews
Enhanced Risk-Control Framework Helps MEXC Cut Organized Crime by 36% in Q3 2025
October 24, 2025
From Festivals to Fundamentals: RaveDAO Turns EDM Culture Into Crypto’s Most Scalable Onramp
Lifestyle Stories and Reviews
From Festivals to Fundamentals: RaveDAO Turns EDM Culture Into Crypto’s Most Scalable Onramp
October 23, 2025
Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
Sponsored Stories and Reviews
Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
October 23, 2025