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ORC, The Dark Horse in OPEN Eco-Layout

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Scientific innovations are the driving force for times transformation. Following steam engines, electricity and computer, Blockchain has brought a new revolution to technology and industry of this era.

When it comes to the currently most-talked-about blockchain technology, the decentralized finance (DEFI) deserves a special mention.

As of June 2020, the daily value locked in DEFI has broken the record, now standing at 27.3 billion dollars. It has been nibbling away at the trillion-dollar digital currency market, growing continuously into a giant.

DEFI presents huge market dividends, attracting many industry pioneers to grasp the preemptive opportunities for participation.

OPEN – Bring a wider range of assets to DeFi

OPEN is right among them. OPEN Foundation has started the overall layout of DEFI industry since 2019. After prudent and comprehensive considerations, OPEN chose OnlyChain.

Based on its analysis of OC’s position ratio via its digital asset management company with BTC Grayscale as a benchmark, OPEN has long appreciated OC and set mind to build DEFI ecology on OC system.

Open Finance is a basket of open finance and currency protocol applications developed by OPEN Foundation on OC. Through the protocol matrix with strong composability, it aims to realize a huge financial machine that can run and evolve by itself to replace the current economic operating mode and become a decentralized full-domain world bank.

OPEN is the first team to propose and practice protocol matrix concept in the industry. Its mature and supporting DEFI infrastructure provides one-stop decentralized financial solutions for global users and a unified liquidity space to serve open finance of the future.

Open Swap – Decentralized Exchange

Asset trading and clearing are important parts of traditional economic activities. It is Open Swap that assumes the above responsibilities in the OPEN system.

Open Swap delivers one-stop on-chain trading services for users based on its three core technologies and 20000+ TPS. The transfer speed speaks for itself.  Also, the underlying operating system of OC does make Open Swap extremely competitive in processing large and low-frequency transactions, providing users with smooth on-chain trading experiences.

Open Lend – Hybrid Lending Market

Open Lend benchmarked against the lending and financial derivative issuance in the traditional economic activities can automatically calculate interest rates based on supply-demand change.

This benefits borrowers and lenders, making up for the opportunity cost of holding assets in an open financial network and getting rid of the fixed interests from the traditional financial market.

Open Stable – Asset Protocol Aggregation Platform

Open Stable is the center part of OPEN, allowing users to generate the stable assets OUSD (i.e. stablecoin asset protocol) from the secured assets.

OUSD is encrypted assets softly pegged to US dollars as asset collateral. It provides excess backed assets for users so as to effectively withstand vicious inflation.

And thanks to the technical advantages of OC, Open Stable enjoys high-speed asset transfer and delivery.

Open Link Oracle

OpenLink is the first distributed oracle on OC.

It is a vehicle that captures the value of Open Finance and OnlyChain ecosystem. It has defined and realized a new on-chain price generation and digital value capture plan to fix interoperability issues for the smart contract, which significantly enables it to be applied in finance, insurance, supply chain and many other industries.

Since all full eco-applications in OPEN financial system are built on OC, the above applications are exclusively confined to it. However, there exists a shortage in asset diversity on OC. So, how to achieve OCs interoperability with other blockchains to expand the Open financial ecosystem?

ORC – An ultimate solution to blockchain interoperability.

Open Reactor

Open Reactor – Cross-chain protocol

Open Reactor (ORC) is the first decentralized cross-chain solution on OC system and also the exclusive cross-chain protocol in OPEN system. It serves as a window for financial data and value exchange with external blockchains.

The core mechanism of ORC cross-chain solution is OrcVM, through which users can use BTC and ETH to generate OBTC and OETH on OnlyChain at 1:1 if asset security is guaranteed. Owing to the high-performance blockchain network of OC, users enjoy extremely low handling fees and high transaction speed.

ORC also allows users to transfer digital assets from OC system to other blockchain networks so that on-chain assets can be freely flowed, interacted and aggregated between different blockchains, thus bringing the entire cryptocurrency market back to its root.

The ORC cross-chain solution can be applied to any sub-application in OPEN system. That’s to say, in the years to come, ORC will be the exclusive channel for OPEN sub-protocol to expand its use scope and interact with other public chains. Its importance is beyond any doubt!

The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.

ORC can realize asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

ORC Value Analysis 

  1. Provide OPEN with a variety of practical cross-chain assets to make sub-protocol matrix connected.

OBTC and other cross-chain assets acting as a cohesive layer will run throughout the entire open financial ecology to make closer interactions between various sub-protocols, thus achieving a huge and autonomous DEFI ecosystem.

  • Integrate value of BTC and other mainstream digital assets into OC system for OC value expansion.

Relying on the digital token of Open Reactor, ORC will bring the value of Bitcoin and Ethereum into OC network so that asset liquidity of more public chains can be locked into it.

  • Offer an interactive channel between various OPEN applications and other public chains to expand the ecological layout.

ORC allows users to generate OBTC with BTC. These cross-chain assets can be uses as trade varieties, lending products and synthetic asset reserve resources between Open Swap, Open Lend and OpenStable, which immensely diversify assets in OPEN and promote their operation and deployment on the whole ecosystem.

  • Address problems existing in information interaction, asset transfer and business collaboration between the independent public chains and consortium chains of different industries, like banking, securities, insurance and real estate.

The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.

ORC can realize the asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

  • Push ahead with the rapid establishment of global financial integration or regional economic integration.

Cross-chain enables value to flow between different blockchains. During this process, users, data and scenarios can be well linked to finally build a larger value ecosystem. If cross-chain technology grows into maturity, blockchain in the future will become infrastructures like today’s highways, water and electricity supplies. This will greatly facilitate the free flow of value and promote global financial integration.

Conclusion

If OPEN is a new self-evolving and self-sustaining decentralized financial empire, ORC cross-chain solution will be its “reform and opening-up policy.”  Only by embracing a bigger external world can we accelerate the rapid and stable development of ecology and build a “sun-never-set empire.”

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Press Release

RD6 PHEV Launches in Costa Rica as Geely RIDDARA Expands Its Latin America Footprint

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Hangzhou, China – Recently, Geely RIDDARA officially launched the RD6 PHEV in Costa Rica, marking the brand’s third model in the market following the RD6 and RD6 Econ. With three products now available locally, Geely RIDDARA has reinforced its leading position in Costa Rica’s new energy pickup segment.

The Costa Rica launch marks another step in Geely RIDDARA’s accelerating expansion across Latin America, building a presence across multiple markets and usage scenarios. In Chile, the RD6 has performed strongly in high-intensity applications such as mining since entering the market in 2024. The introduction of the RD6 PHEV in December 2025 further strengthened the brand’s competitiveness among commercial customers.

In Uruguay, the RD6 has steadily gained traction with individual users since its 2024 launch, supported by the rollout of the RD6 Econ in August 2025, which continues to drive market share growth. Panama, Colombia, and Bolivia also completed product introductions during 2025, marking broader regional expansion.

As its Latin America footprint continues to grow, Geely RIDDARA is advancing its global presence in parallel. To date, the brand has entered more than 60 countries and regions across Latin America, Asia-Pacific, the Middle East, Africa, and Europe. Its global lineup now comprises three core models — RD6, RD6 Econ, and RD6 PHEV — covering both pure electric and plug-in hybrid powertrains.

This global expansion is underpinned by Geely RIDDARA’s established new energy technology base. Backed by Geely Group’s R&D capabilities, the brand has developed China’s first native electric pickup platform and introduced EM-P hybrid technology into the pickup segment. These innovations enable scalable, market-ready new energy solutions worldwide.

Designed around the concept “Function like a Pickup, Drive like an SUV,” the RD6 PHEV combines strong performance with everyday usability. It accelerates from 0 to 100 km/h in 6.3 seconds. Intelligent electric all-wheel drive and multiple terrain modes ensure confident handling in demanding road conditions. With a rated payload of 875 kg and a towing capacity of 2.5 tons, the model supports agricultural, mining, and logistics operations. A combined driving range of over 1,000 km and vehicle-to-load capability further enhance efficiency in daily and commercial use.

Alongside its overseas expansion, Geely RIDDARA continues to lead China’s new energy pickup market. Sales data released in January 2025 show the brand achieved a 52.2% market share in the new energy pickup segment and an 82.8% share in the pure electric pickup segment, ranking first for three consecutive years (source: CATARC). Building on this foundation, Geely RIDDARA is accelerating the global rollout of its technologies and products, reinforcing its commitment to delivering efficient and reliable new energy pickup solutions worldwide.

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New Church of Scientology Opens in Puerto Rico Hosting Community Programmes

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Puerto Rico Opens First Caribbean Ideal Church of Scientology with facilities to contribute to social betterment

Brussels, Belgium, 26th Feb 2026 – A massive Sunday crowd convenes to honor the latest addition to the lively center of San Juan—a new Church of Scientology, located along Juan Ponce de Leon Avenue, among the city’s busiest thoroughfares.

New facility in downtown San Juan highlights interfaith cooperation, community programmes and humanitarian outreach as dignitaries mark a milestone for the island’s religious landscape

BRUSSELS / SAN JUAN, Puerto Rico — 24 February 2026 — The Church of Scientology inaugurated its new Ideal Church of Scientology of Puerto Rico on Sunday, 22 February 2026, with a public Grand Opening celebration in downtown San Juan. It is the first Ideal Org in the Caribbean and a new community hub intended to support religious services alongside local social initiatives.

The new church is located along Avenida Juan Ponce de Leon in the Santurce area—an artery among San Juan’s busiest thoroughfares—and at 1208 Avenida Juan Ponce de Leon, San Juan, PR 00907.

As published by Scientology Today, the Grand Opening brought together parishioners, guests and local representatives for a ribbon-cutting and tours of the church’s facilities, including public-facing information areas and spaces intended for introductory services and community engagement.

Mr. David Miscavige with (from left): Ms. Zorimar Betancourt, President, San Juan Violence Prevention and Support Network; Mr. Anibal Heredia Burgos, San Juan Faith-Based Coordinator and Advisor to the City Mayor; Ms. Mery Dacosta, President, Human Rights Coalition, Puerto Rico; and Lt. Hector Ayala, Director, Police Athletic League, Puerto Rico Police Bureau.

[Mr. David Miscavige with (from left): Ms. Zorimar Betancourt, President, San Juan Violence Prevention and Support Network; Mr. Anibal Heredia Burgos, San Juan Faith-Based Coordinator and Advisor to the City Mayor; Ms. Mery Dacosta, President, Human Rights Coalition, Puerto Rico; and Lt. Hector Ayala, Director, Police Athletic League, Puerto Rico Police Bureau.]

A public celebration with civic and interfaith participants

In remarks cited by the Church, Mr. David Miscavige, ecclesiastical leader of the Scientology religion, addressed the crowd and linked the opening to the island’s identity and civic pride: “Who can deny the magnetism of these waters surrounding your Isle of Enchantment,” “An island that moves to its own rhythm, an island that generates its own current—for the true power of Puerto Rico is her people. And just like your beloved coquí, you are unmistakable, you are indomitable, you are impossible to silence. And here stands the living proof: your new Ideal Church of Scientology of Puerto Rico!”

Local speakers highlighted collaboration between faith communities and public institutions. Mr. Anibal Heredia Burgos, San Juan’s Faith-Based Coordinator and an advisor to the city mayor, emphasized the building’s intended role for shared community aims: “Today we are gaining more than just a building, because here is a place where our communities can come and reach their full potential… With this new Church of Scientology now opening to the community, we are going to make Puerto Rico a model of interfaith and government partnership everywhere.

Next guest speaker, Lt. Hector Ayala, a Puerto Rico Police Bureau veteran and Director of the Police Athletic League, referred to drug-prevention education and cooperation with Drug-Free World materials. 22 officers earned educator kits as Drug-Free World lecturers—presented as part of a prevention-through-information approach.

Facilities described as designed for both religious and community use

The San Juan report outlines the features typical of an “Ideal Org” in Scientology, describing such churches as facilities aimed at supporting the delivery of religious services for Scientologists and also function as a meeting ground for cooperative initiatives in the wider community.

Among the areas described is a Public Information Center offering “more than 1,000 films” introducing the beliefs and practices of Scientology, the life and legacy of founder L. Ron Hubbard, and Church-supported humanitarian and community outreach programmes. The site narrative also references spaces for introductory courses and seminars, evening and weekend services that provide an overview of Dianetics and Scientology principles and their application in daily life.

In keeping with the tradition described by the Church for its churches worldwide, the building includes an Office of L. Ron Hubbard, presented as a symbolic reminder of the Church’s alignment with Mr Hubbard’s writings and ideals.

Historical references connecting Puerto Rico and L. Ron Hubbard

The Church links the Puerto Rico opening to historical references regarding L. Ron Hubbard’s time on the island. It states that Mr Hubbard led what it describes as the first complete mineral survey of Puerto Rico under US jurisdiction in 1932–1933, a survey that served as a reference for decades. The Puerto Rico House of Representatives later recognized Mr Hubbard’s work, calling it “commendable and meritorious” and “serving the best interests” of Puerto Rico.

As read in the official website of the church Mr Hubbard worked with the Red Cross in hurricane relief before the survey began and conducted ethnological research on the island’s rural jíbaro culture during that period, presenting these as elements of humanitarian interest alongside scientific work.

A milestone in a broader international pattern, including Europe

The Puerto Rico opening is part of a broader pattern of Ideal Churches openings internationally. The Church lists major cities where Ideal Organizations have opened, including multiple European locations such as Brussels, Paris, Rome, Berlin, Hamburg, Stuttgart, Copenhagen, Amsterdam, Basel, Madrid and others.

From a European perspective, that international footprint has often been described by Scientology representatives as a practical, community-facing complement to civic and human-rights frameworks—especially where education, prevention and volunteering contribute to social resilience.

Ivan Arjona, the Church of Scientology’s representative to the EU, OSCE, Council of Europe and UN, recently framed that approach in the context of civic responsibility and the daily practice of shared values: “Europe’s values become real when they are understood and practised in daily life… [people] are better equipped to act responsibly, resolve disputes lawfully, and protect dignity and freedom—both for themselves and for others.

Applied to the Puerto Rico milestone, Arjona added that community institutions—religious and civil alike—tend to be most effective when they are transparent, open to dialogue, and focused on practical initiatives that strengthen dignity, responsibility, and cooperation across differences—principles that align with long-standing European priorities around civic participation and human rights.

The Church of Scientology, its churches, missions, groups and members are present across the European continent. “There is a continent-wide presence through more than 140 churches, missions and affiliated groups in at least all the 27 European nations, alongside thousands of community-based social betterment and reform initiatives focused on education, prevention and neighbourhood-level support, inspired by the work of Scientology founder L. Ron Hubbard” said Ivan Arjona.

Within Europe’s diverse national frameworks for religion, the Church’s recognitions continue to expand, with administrative and judicial authorities in Spain, Portugal, Sweden, the Netherlands, Italy, Germany Slovakia and others, as well as the European Court of Human Rights, having addressed and acknowledged Scientology communities as protected by the national and international provisions of Freedom of Religion or belief.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.scientologyeurope.org

Email: Send Email

Address:Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country:Belgium

Release id:41980

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apM Members Signs Supply Agreement for apM e-Voucher with Global FX Total Solution Provider SentBe

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Utilizing SentBe’s Stablecoin Infrastructure based on its MPI License. Aiming to launch service for overseas buyers within Q1 2026

Seoul, Korea South, 26th Feb 2026 – apM Members, an AI-driven fashion industry innovation IT company, announced on the 26th that it has signed a supply agreement for apM e-Voucher with SentBe, a global foreign exchange (FX) total solution provider.

Panoramic view of the three apM malls, home to more than 1,000 wholesale fashion brands

Through collaboration with the apM Group, which operates Korea’s largest wholesale (B2B) clothing shopping malls—apM, apM PLACE, and apM Luxe—apM Members provides apM e-Voucher, memberships, and AI services to over 110,000 B2B wholesale members.

SentBe is a global remittance and payment fintech specialist and the only Korean company to hold a Major Payment Institution (MPI) license in Singapore, which allows for legal tender payments worldwide. The company possesses “off-ramp” infrastructure to pay out stablecoins as legal tender globally through partnerships.

SentBe plans to resell apM e-Voucher to overseas buyers using its stablecoin (USDT) payment infrastructure. This is expected to significantly improve processing times and fees compared to traditional international remittance methods. Both companies plan to complete verification tests and gradually expand the service within the first quarter of 2026.

apM e-Voucher can be used at over 1,000 wholesale brands within apM, apM PLACE, and apM Luxe, and are utilized in the Dongdaemun fashion wholesale market, which has an annual scale of trillions of won.

Meanwhile, apM Members stated it is preparing the ‘apM 72P (Protocol Reserve)’ system in anticipation of a future ‘apM Token Direct Payment System’ . apM 72P is a technical reserve structure where a portion of protocol fees is converted into the native token (APM) to support core infrastructure such as ZK anchoring and L1 network validation. This is a technical preparation process to establish a stable environment for when a direct payment system can be introduced.

An official from apM Members said, “Through this collaboration, we will present a secure case study for stablecoin-based international payments in the global fashion distribution industry. We will steadily execute our long-term roadmap, including the potential introduction of an apM direct payment system”.

Media Contact

Organization: apM Members

Contact Person: WONHO CHO

Website: https://apm-members.com/

Email: Send Email

City: Seoul

State: Seoul

Country:Korea South

Release id:41957

Disclaimer: This press release is for informational purposes only. It does not constitute financial, investment, or legal advice. All forward-looking statements, including product developments, partnerships, and future services, are subject to change and are not guaranteed. Recipients should not rely solely on the information provided herein.

The post apM Members Signs Supply Agreement for apM e-Voucher with Global FX Total Solution Provider SentBe appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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