- Beast Industries plans to launch fintech products.
- More than half of all stablecoins exist on the Ethereum network.
- In January, Bitmine invested $200 million into Beast Industries.
Ethereum, the $246 billion blockchain, just landed another major supporter.
“We’re big fans of Ethereum,” Jeff Housenbold, Beast Industries president and CEO, said on Thursday.
The executive went on to declare Ethereum the “backbone” of the stablecoin industry and touted the promise of decentralised finance, or DeFi, a sector whose apps offer borrowing, lending, trading and a host of other financial services on decentralised blockchain networks.
“We think the DeFi movement is really important, and the benefits it brings to consumers in greater access,…
