CKB Eco Fund's strategic investment in the UTXO-based over-collateralized stablecoin protocol Stable++

2024-04-24 13:27:11

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ChainCatcher news, the Stable++ team plans to develop the first over-collateralized stablecoin protocol serving the Bitcoin ecosystem and RGB++ ecosystem based on CKB. The plan is to support 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 in the BTC Layer2 issued by UTXO Stack in the future. At that time, USDPP can circulate freely in the Bitcoin ecosystem through the Leap feature of the RGB++ protocol.

Team members come from Google, Stanford, UC Berkeley, and CMC top 100 public chains, with rich experience in DeFi protocol design and development, accumulating a TVL of over $50M.

The CKB Ecological Fund believes that through strategic investment in the Stable++ protocol, it can introduce a decentralized stablecoin based on native asset over-collateralization to the Bitcoin ecosystem and RGB++ ecosystem, further releasing liquidity in the DeFi ecosystem, and combining technologies such as RGB++ and CKB Lightning Network to unlock new scenarios for payments, lending, and more in the long term.

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Stable++ team UTXO Stable++

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