River, a stablecoin infrastructure provider, has announced a strategic investment from Maelstrom Fund, a crypto-focused investment firm founded by Arthur Hayes, co-founder of the BitMEX exchange. The funding supports River’s long-term goal of building a chain-abstraction stablecoin system that allows capital to move across blockchain ecosystems without locking, wrapping, or fragmenting assets.
River is developing infrastructure designed to simplify cross-chain liquidity flows while maintaining native asset properties. The company focuses on stablecoin-based settlement and interoperability across multiple networks. According to the team, the system is intended to reduce friction for users and protocols operating in multi-chain environments.
Ahead of the announcement, the RIVER token showed increased market activity, reaching a new all-time high of $20. Trading volumes also rose across derivatives markets, with Binance Perpetuals recording more than $1.5 billion in
River currently integrates with over 30 protocols across major ecosystems, including Ethereum, BNB Chain, and Base. The platform reports more than $300 million in total value locked, while circulation of its satUSD stable asset has exceeded $100 million.
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