The Bitcoin-native stablecoin bitSmiley Alphanet V1 Surpasses $24M TVL in 24 Hours!
In a remarkable achievement, bitSmiley's Alphanet V1 skyrocketed to over $24 million in TVL within just 24 hours of its launch with over 6 million bitUSD stablecoins minted through over-collateralization. bitSmiley stands as a pioneering initiative, introducing stablecoins by over-collateralizing Bitcoin.
Through this, users gain access to minting bitUSD and engaging in DeFi activities, all under the security of Bitcoin.
bitSmiley is a project that mints native stablecoins by over-collateralizing Bitcoin. Lead investors include OKX Ventures and ABCDE, providing users with a comprehensive suite of Bitcoin-native DeFi solutions centered around its stablecoin, bitUSD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum
Sui network back online after 2-hour outage
The FTX estate plans to start distributions by March 2025
UK to unveil crypto and stablecoin regulatory framework early next year
Trending news
MoreCrypto prices
More
