Why this is important for Filecoin: • Stable contracts: Companies can agree on long-term, USD-denominated storage transactions and reduce volatility. • Value retained internally: Customers purchase FIL to get USDFC, which they then use for storage—this way, payments do not flow into USD. • Locked FIL will help smooth price fluctuations. USDFC has already launched in a small pilot. Over the next few months, storage providers will start quoting trades in USDFC and promote it to larger contracts.