Satoshi Protocol has reached a strategic partnership with Bitlayer, supporting the deposit of BTC to mint the stablecoin SAT on Bitlayer

ChainCatcher news, according to official sources, the Bitcoin full-chain stablecoin protocol Satoshi Protocol has officially deployed on the Bitlayer mainnet. Users can now deposit BTC and stBTC on Bitlayer to mint the stablecoin SAT, providing users with better capital efficiency.

In the coming weeks, DEX, ReStaking, and Lending ecosystem projects will be integrated to expand the use cases of SAT and promote the comprehensive development of the Bitcoin Layer2 ecosystem.

It is reported that the Satoshi Protocol is a universal stablecoin protocol built specifically for BTC, utilizing an instant liquidation mechanism of the Stability Pool, with a maximum borrowing limit of 90% for each position. This move will unlock the idle funds in the Bitlayer ecosystem and release development potential.