what's USDFC Protocol?
USDFC Protocol is a stablecoin issuance and settlement platform native to Filecoin's FVM (Filecoin Virtual Machine). It enables on-chain stablecoin operations directly within the Filecoin ecosystem, keeping issuance, redemption, and transactions close to Filecoin's storage providers, applications, and DeFi markets. By leveraging FVM smart contracts, the protocol facilitates seamless integration of USDFC stablecoin with Filecoin's broader on-chain economy, promoting utility-driven growth and reducing reliance on external bridges or layers.
Provides USD-based billing for storage payments while using FIL as the backing asset.
Stablecoin achieves improved stability and smoother user experience. Growing interest from teams exploring treasury and liquidity use cases.
Beta-stage protocol advances toward official launch with SushiSwap peg tracking and Axelar cross-chain swap integrations.
Protocol launch scheduled for May 2024, targeting integration with Filecoin ecosystem.
New bug bounty program launches with defined scope and compensation structure.
New SushiSwap listing enables decentralized trading with expanded liquidity access.
Stablecoin now tracked on DefiLlama Stables Dashboard, enabling enhanced market visibility and transparency.