PANews reported on August 1 that according to official news, the new generation of global mortgage stablecoin public chain BenFen announced the official launch of its mainnet version 1.0 on August 1, and will launch a genesis user incentive activity.

BenFen is strongly supported by the well-known blockchain group Bixin and made its debut at the Bixin Hong Kong Conference in April. It is a secure, stable, high-performance, low-cost underlying blockchain built on the Move language, with a built-in decentralized, multi-currency anchored global mortgage stablecoin, and native support for stablecoin applications in staking and gas payment.

The new narrative of global mortgage stablecoin proposed by BenFen has brought new thinking and changes to the industry. In the fierce competition, it has demonstrated huge valuation potential with its innovative global mortgage mechanism and fair token economic distribution model. With the official launch of the BenFen mainnet, BenFen's rich ecological applications including but not limited to cross-chain assets, payment, cards and BenFen ID will also be gradually implemented.