CKB Ecosystem Fund strategically invests in UTXO-based overcollateralized stablecoin protocol Stable++

2024-04-24 13:38:59BlockBeatsShare to:

According to BlockBeats, on April 24, the Stable++ team plans to develop the first over-collateralized stablecoin protocol based on CKB to serve the Bitcoin ecosystem and the RGB++ ecosystem, supporting new Bitcoin assets such as BTC, CKB and RGB++ as collateral, generating the first RGB++ stablecoin USDPP through the protocol, and plans to deploy it on the BTC Layer2 issued by the UTXO Stack in the future. By then, through the Leap function of the RGB++ protocol, USDPP can circulate freely in the Bitcoin ecosystem. Team members come from Google, Stanford, UC Berkeley and CMC top 100 public chains. They have rich experience in DeFi protocol design and development and have accumulated more than 50 million US dollars in TVL. The CKB Ecological Fund believes that through strategic investment in the Stable++ protocol, it can introduce decentralized stablecoins based on over-collateralization of native assets to the Bitcoin ecosystem and the RGB++ ecosystem, further release the liquidity of the DeFi ecosystem, and combine technical solutions such as RGB++ and CKB Lightning Network to unlock new scenarios such as payment and lending in the long term.

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