Binance Launches $1 Billion Fund to Accelerate Blockchain Tech Adoption

Blockchain technology is becoming increasingly popular and thanks to a $1 billion growth fund being launched by the world’s largest crypto exchange, it’s about to get a lot bigger. Binance just announced the launch of a billion-dollar fund in support of the Binance Smart Chain blockchain to accelerate the adoption of digital assets and blockchain technology. At the same time, the total locked value in DeFi surpassed $200 billion, marking an impressive 855% increase since January 1, 2021, and revealing the market’s growing appetite for blockchain, crypto, and decentralized finance (DeFi).

Users of the WonderFi App can now gain exposure to digital asset indexes thanks to a partnership between WonderFi Technologies Inc. (NEO:WNDR) (OTC:WONDF) and DeFi Pulse, a major stakeholder in Index Cooperative, a decentralized autonomous organization (DAO) that develops crypto and DeFi products, including the industry-leading DeFi Pulse Index. The index, which consists of top DeFi assets available on Ethereum, allows users to buy a single ERC-20 token that provides exposure to all ten assets.

The DeFi Pulse Index is an excellent way to gain exposure to the DeFi market and is analogous to index products in the traditional capital markets,” said Ben Samaroo, CEO of WonderFi.

WonderFi is also collaborating with Circle Internet Financial to offer customers the world’s fastest-growing stablecoin, USDC through the WonderFi App. With more than US$31.2B in circulation and $1.1 trillion transferred on-chain to date, USDC is a fast-growing digital currency, with WonderFi having adopted USDCs as a treasury management tool to optimize yield on unused working capital and cash reserves.

In a comment, Kevin O’Leary said, “Stablecoins like USDC are a key part of the growth of this industry, and it’s great to see industry leaders like Circle and WonderFi striving to provide better access.”

“There is a substantial global demand for USDC as it continues to be regarded as the most trusted and well-regulated stablecoin, and it is a great first point of entry for users that are new to crypto and DeFi across the world,” said Samaroo.

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