After two rounds of rigorous controlled testing, USDFC — the first stablecoin collateralized by native FIL — will officially open to the public next week.

In this article, you will find:

• How the Alpha → Beta timeline unfolds, and why the peg is rock solid,

• How USDFC actually operates (110% collateralization rate)

• Tools you can utilize now, and the next steps we are building to simplify lending.

From Alpha to Official Release, USDFC has been operating under controlled conditions for several weeks, with a 24/7 arbitrage bot safeguarding the peg. After a comprehensive testing plan, we are confident that the stablecoin is ready for public use.

Alpha — March 2025

• External security audits and adversarial attack simulations

• Exchange pool deployment and intensive internal 'dogfooding' trading

• Beta version listed on CoinGecko, DeFiLlama, GLIF Explorer, and other analytical dashboards — from April 2025 to present

• Vulnerability bounty program: We received 36 reports from 19 white hat participants; no high-severity issues found

• Crypto Econ Lab (CEL) led comprehensive stress tests: liquidation, redemption cycles, and extreme scenarios

• Peg-monitor bot running in real-time, performing continuous fine-tuning

Key beta metrics so far

• SushiSwap Trading Volume: Weekly > 100k USD • Total Lending Capacity: > 250k USD

• USDFC Annual Yield: 8–10%, targeting iFIL/pFIL collateral, with its own staking yield close to the same range

Official Release — Next week at FIL Dev Summit 6, as the peg stabilizes, code undergoes practical testing, and real liquidity flows, we can easily transition to a full public release. Starting from Block 1, every Filecoin wallet will be able to mint, swap, lend, and bridge USDFC.

Filecoin provides native dollar liquidity for everyone Mint↔ No slippage swaps FIL holders can mint USDFC as operational costs, then burn tokens to reclaim their original FIL — no over-the-counter platforms, no price impact. In our lending application, use liquid-staked FIL to lend iFIL and pFIL (≈10% staking yield) as collateral. Their yield effectively offsets the 8-10% borrowing cost, creating a balanced market where the dollar annual interest rate earned by lenders is well above the DeFi average. Bridging and cross-chain swapping via Axelar + Squid Router USDFC can be moved to any EVM with one click, enabling additional yield strategies on DeFi platforms. Why high-yield dollars matter The Filecoin ecosystem lacks seamless on-chain dollar liquidity. USDFC closes this gap while providing attractive return conditions. By allowing users to lend instead of sell, it helps stabilize prices; by offering double-digit dollar yields and one-hop cross-chain transfers, it attracts new capital to Filecoin — driving sustained demand for network growth. Next Steps Launching a pool-based lending market next to the current order book in Q4 2025, providing passive users with one-click deposits. A dedicated market-making vault will provide additional liquidity for both lending venues, narrowing the spread and simplifying the lending experience.$FIL #USDFC