The protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders earn yield by backing that protection.
- Firelight Protocol raised $8 million in a funding round led by Gumi Cryptos Capital to develop an onchain protection layer for decentralized finance.
- The protocol, expected to launch with its first cover integrations in September, aims to settle eligible smart-contract exploit claims within 10 days through independent risk firms.
- Firelight plans to expand the collateral backing its cover system beyond XRP to liquid, non-yielding assets such as bitcoin and Stellar’s XLM as it targets fintechs offering onchain yield products.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
BlackRock offers a glimpse of how tokenization may change your investment portfolio
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
Cathie Wood says smart investors need to start watching where AI agents spend money
Original sourceCoinDesk
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