Reports from the source indicate that Alpen Labs has just launched BTD, a cryptocurrency fully backed by Bitcoin and pegged 1:1 to the US dollar. Fully collateralized by Bitcoin, BTD operates on the ZK Rollup Layer2 network developed by Alpen Labs.
By integrating the Liquity V2 lending protocol, users can directly collateralize BTC to create stablecoins. The non-variable smart contract design of BTD does not depend on governance tokens, aligning with the decentralized principles of Bitcoin.
Unlike most stablecoins, BTD does not use an algorithmic model or centralized management, but still relies on third-party oracles to provide the BTC/USD price. Alpen Labs has mitigated oracle risk by aggregating data from multiple sources.
Developers can experience BTD on the upcoming testnet, supporting lending and decentralized trading, along with testing the integration of Bitcoin payment layers like Taproot Assets. David Seroy, head of the Alpen Labs ecosystem, emphasized the commitment to expanding the Bitcoin financial ecosystem while maintaining decentralization.
The content only provides market information and is not investment advice.
Source: https://tintucbitcoin.com/alpen-labs-ra-mat-btd-stablecoin-bitcoin-tang-cuong-an-ninh/
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