New research by 10X Research suggests that a US Dollar-denominated stablecoin within the Filecoin ecosystem could bring significant benefits. The stablecoin, called USDFC and launched by Secured Finance, would provide a publicly open, peer-built lending market and a liquid source of on-chain Dollars. This would enable users to transact in US Dollars and unlock untapped value on the decentralized file storage network. The report states that the stablecoin could have a similar impact to how DAI impacted Ethereum's DeFi markets. Secured Finance believes that the Filecoin ecosystem is ripe for innovation and adoption and sees the stablecoin as a catalyst for rapid growth.



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