Solv Protocol, the largest on-chain Bitcoin ($BTC) treasury, has announced its groundbreaking partnership with Stellar, a cross-border payments network. Solv Protocol is also known as the operating layer of Bitcoin for more efficient capital flow. The main purpose of this partnership is to turn $USDC liquidity into $BTC productive yield, enabling more utility, liquidity, and accessible $BTC-denominated yields.
Solv is well-known in the market for supplying various Bitcoin financial services such as lending, liquid staking, and earning interest for users’ benefits. These unmatched services help Bitcoin holders use their idle BTC to generate returns, similar to assets like Ethereum ($ETH) and Solana ($SOL). Solv Protocol has revealed this news through its official social media X account.
Stellar and Solv Integration Enables New DeFi Yields for Remittances and FinTech Liquidity
According to the details shared by the firm, this launch would enable yield generation for the $200 million worth of USDC supply on Stellar. This collaboration is introducing additional decentralized finance (DeFi). Stellar has native token XLM traded down 0.47% at $0.2528 at last check. Solv Foundation’s native token SOLV was down 0.49% to $0.01694. Moreover, BTC was exchanging hands at $92064, up 1.27% in the last 24 hours.
As per the details shared by DeFiLIama, Solv had roughly $1.217 billion in total value locked (TVL). Solv will join its BTC+ vault, an automated vault for generating yield on BTC holdings, with Stellar. Basically, they are helping remittance facilitators and FinTech companies. Moreover, Solv enables retail users to convert the USDC payment liquidity into yield.
Solv Leverages Stellar’s 5.3-Second Settlement to Enable USDC-Based BTC Yield Access
Stellar has a good reputation as a stronger ecosystem for global USDC liquidity due to Fast settlement, Low fees, and Wide institutional integrations. By this integration, users bridge BTC-denominated yield strategies into real-world payments and global liquidity rails.
Ryan Chow, Co-founder of Solv, said, “On Stellar, we’re empowering users and fintechs to unlock productive capital strategies on USDC. This marks the next phase of stablecoin utility, moving from cross-border transfers to capital-efficient DeFi.”
Furthermore, Stellar is also facilitating users with fast cross-border transactions; the average time for any transaction is 5.3 seconds with a fee of $0.0006718. In addition, it has $223 million worth of deposited stablecoins, with USDC accounting for 94% of the total.
Source: https://blockchainreporter.net/solv-protocol-and-stellar-ally-to-convert-usdc-liquidity-into-productive-btc-yields/
