DeFi Technologies to launch stablecoin in partnership with Fire Labs

Odaily News Nasdaq-listed DeFi Technologies announced a strategic partnership with Fire Labs to launch a compliant stablecoin issued by a licensed bank in the United States, officially entering the field of real-world assets (RWA). It is reported that the stablecoin adopts a 105% over-collateralization mechanism and issues compliant tokens that can generate income. Kraken, as a strategic partner, will provide access support through its institutional-level platform Kraken Embed. It is reported that DeFi Technologies has also completed a 19.5% minority equity investment in AFT, the parent company of Fire Labs.