Summary
- Bifrost (BFC) reportedly surged 11.09% from the previous day on positive news related to stablecoins.
- The rise is analyzed to be influenced by PiLab Technology, the operator, filing for stablecoin trademarks.
- PiLab Technology is said to have applied for trademarks for MKRW, MUSD, and MJPY.
Bifrost (BFC) is soaring during intraday trading.
As of 1:16 p.m. (KST) on the 7th, Bifrost is up 11.09% from the previous day, trading at $0.0484.
The rise in Bifrost is analyzed to be backed by PiLab Technology’s trademark filings for stablecoins.
According to KIPRIS, PiLab Technology filed trademarks for MKRW, MUSD, and MJPY on the 3rd.
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