DeFi Technologies Partners Fire Labs to Launch New Stablecoin

DeFi Technologies Inc. and Fire Labs Inc. are partnering to launch a regulated, USD-backed stablecoin. This venture will leverage Kraken’s Kraken Embed platform for essential infrastructure support, highlighting strategic alignment between the companies. 19.5% ownership in CH Technical Solutions SA by DeFi Technologies reflects their expansion into digital finance, with a 105% reserve backing for the stablecoin to ensure stability. The launch is expected to significantly impact market dynamics with its higher reserve backing compared to existing standards and aligning with upcoming U.S. regulatory frameworks.