the chain-abstract stablecoin protocol River announced it has received strategic investment from the crypto fund Maelstrom Fund, founded by BitMEX founder Arthur Hayes. According to the official announcement, this investment will support River in expanding its chain-abstract stablecoin system and ecosystem development, promoting the circulation and application of on-chain capital.

It is reported that River allows users to deposit assets like BTC, ETH, BNB on one chain and natively mint satUSD on another chain, seamlessly participating in various yield opportunities. River stablecoin has integrated with over 30 protocols, such as Morpho, Pendle, ListaDAO, and has been deployed to major ecosystems like Ethereum, BNB Chain, Base, with a TVL exceeding 300 million USD and a satUSD circulation exceeding 100 million USD.

Before the announcement of this investment news, the $RIVER token briefly surged to $25 (currently reported at $14.2), hitting new highs for several consecutive days, with a weekly increase of up to 600%, and total network trading volume exceeding 3 billion USD. Among them, Binance perpetual contracts had a 24-hour trading volume exceeding 1.7 billion USD, second only to major tokens like BTC and ETH, and ranked among the top five in contract trading volume on multiple CEXs.