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New to DeFi? This NEO Stock Makes it Simple

Stockhouse Editorial
2 Comments| October 15, 2021

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A leading technology company on the NEO stock exchange is partnering with a firm that designs indexes for decentralized finance (DeFi).

On Friday, WonderFi Technologies Inc. (NEO: WNDR) announced that it is teaming up with DeFi Pulse Inc. to offer digital asset indexes through the WonderFi App.

DeFi Pulse creates, maintains, and licenses financial indexes for a decentralized world. The DeFi Pulse Index - DeFi Pulse's flagship offering - has emerged as a reliable benchmark for the performance of the overall DeFi sector on Ethereum.

WonderFi’s Chief Executive Officer, Ben Samaroo said in a media release on this news for investors that 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.

“Partnering with DeFi Pulse to offer this index through WonderFi aligns us with the leading index provider in the sector and creates an opportunity for us to bring new index products to market with DeFi Pulse and Index Coop as the market matures.”

DeFi Pulse CEO Etienne Royole explained that the market’s reception to the DeFi Pulse Index is reflected in the rate of adoption of the DPI token, designed around the DeFi Pulse Index and offered by the Index Coop.

A technology company with the mission of creating better access to DeFi, WonderFi made headlines recently on news that it will be offering Circle’s USD Coin (USDC) through the WonderFi App to help expand access to the trusted dollar digital currency. Circle's mission is to raise global economic prosperity through the frictionless exchange of financial value, and it is the principal operator and minter of USDC.

This was made possible through collaboration with Circle Internet Financial LLC, a global financial technology firm that provides payments and treasury infrastructure for internet businesses.

CEO Samaroo added that working together with Circle to create better access to the world’s fastest-growing dollar digital currency was a natural fit for the company.

“There is sustained 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.”

USDC, with over $31.2 billion (USD) in circulation and $1.1 trillion (USD) transferred on-chain to date, plays an essential role in powering economic activity on the internet. USDC is the world’s fastest growing and dollar digital currency.


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