DeFi Technologies plans to partner with Fire Labs to launch a stablecoin
2025-05-20 12:57:55
According to PR Newswire, Nasdaq-listed company DeFi Technologies has announced a strategic partnership with Fire Labs to launch a compliance stablecoin issued by a US-licensed bank, officially entering the real-world asset (RWA) space.
It is reported that the stablecoin uses a 105% over-collateralization mechanism and is accompanied by the issuance of compliance tokens that can generate income. As a strategic partner, Kraken will provide access support through its institutional platform Kraken Embed.
In addition, DeFi Technologies also completed a 19.5% minority investment in AFT, the parent company of Fire Labs.
It is reported that the stablecoin uses a 105% over-collateralization mechanism and is accompanied by the issuance of compliance tokens that can generate income. As a strategic partner, Kraken will provide access support through its institutional platform Kraken Embed.
In addition, DeFi Technologies also completed a 19.5% minority investment in AFT, the parent company of Fire Labs.
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