On March 26th, COINOTAG reported significant developments as TaiFi officially unveiled its plans to introduce an Ethereum to Bittensor EVM stablecoin bridge. This innovative cross-chain bridge, backed by Hyperlane, comes with an initial Total Value Locked (TVL) cap set at 10 million USD. This strategic move is expected to enhance liquidity within the ecosystem. Earlier in February, the DeFi project was bolstered by a strategic funding round, led by Digital Currency Group (DCG) and supported by notable investors such as Pantera Capital, Taostats, and Lyrik Ventures. Focused on pioneering AI-driven DeFi primitives on the Bittensor platform, TaiFi aims to launch the first stablecoin underpinned by TAO, alongside establishing a decentralized exchange and a staking mechanism for TAO’s liquidity.
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