bitSmiley Launches Multi-Chain Stablecoin Program
In response to the lack of real transaction demand for BTC L2, bitSmiley, the BTC native overcollateralized stablecoin protocol, has launched the Multi-Chain Stablecoin Program, which proposes the following two parallel solutions: (a) support for native BTC collateralization and minting on multiple chains to diffuse BTC liquidity; and (b) the launch of the first BTC LPfi protocol. The bitSmiley protocol hopes to release BTC liquidity and benefit the wider ecosystem through these two parallel solutions, to truly and effectively meet the transaction needs of users.
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