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River's weekly TVL has grown to $400 million, with support now live for SolvBTC collateral on the BNB Chain and a new BNB governance vote event launched.

By: theblockbeats.news|2025/07/17 13:02:10

BlockBeats News, July 17th. River has established a stablecoin-based full-chain circulation system, aiming to connect liquidity, yield, and contribution across multiple ecosystems.

The official announcement stated support on the BNB Chain for SolvBTC-backed stablecoin minting, resulting in the TVL growing to $4 billion within a day. Users can collateralize assets such as BTC, ETH, BNB, etc., to obtain liquidity at a 0% interest rate without selling their holdings, and maximize their earnings through repeated operations. Those seeking stable returns can also stake satUSD to receive a 13% annualized return.

The ecosystem product River4FUN has attracted nearly 20,000 participants, with a preview of the upcoming launch this week of a "Creator Voting" where users can stake and vote to support creators on the BNB Chain. The top 30 will share a total of 3 million River Pts.

In the week ending July 12, initial jobless claims in the United States were 221,000, compared to an expected 235,000.

Decentralized messaging protocol XMTP completes $20 million Series B financing, led by a16z crypto and others