Xend Finance is a blockchain-based platform originating from Nigeria, designed to revolutionise financial services for credit unions and cooperatives, particularly in regions with unstable local currencies. Launched in 2021, it leverages decentralised finance (DeFi) protocols to offer secure, cross-border stablecoin savings that mitigate devaluation risks. Xend Finance allows users to convert their fiat savings into various stablecoins, ensuring asset stability and growth. The platform operates on the Binance Smart Chain and utilises smart contracts for automation and transparency. Xend’s native token, $XEND, is integral for governance, staking, and earning interests, reflecting its utility-centric approach.