Elastos Launches World's First Bitcoin-Backed Stablecoin BTCD
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Elastos Launches World's First Bitcoin-Backed Stablecoin BTCD
Elastos, a leading Bitcoin DeFi protocol developer, has announced the launch of BTCD (Bitcoin Dollar), marking a significant milestone as the world’s first fully Bitcoin-backed stablecoin. The project aims to create a digital version of the Bretton Woods system, the post-World War II agreement that pegged the U.S. dollar to gold, positioning Bitcoin as the foundational asset for a new era of decentralized finance.
Revolutionary Approach to Stablecoin Collateralization
Unlike traditional stablecoins that rely on fiat currencies and short-term U.S. government bonds for backing, BTCD takes an innovative approach by using Bitcoin itself as collateral. Built on the BeL2 protocol, BTCD aims to provide a stable unit of account within the Bitcoin ecosystem, addressing the longstanding challenge of Bitcoin’s price volatility.
The Bitcoin-backed stablecoin represents a paradigm shift in cryptocurrency infrastructure, allowing users to maintain exposure to Bitcoin while accessing stable value for transactions and DeFi applications. This development addresses the fundamental challenge of Bitcoin’s price volatility while preserving the benefits of decentralized, censorship-resistant digital currency.
Overcollateralization Strategy Ensures Stability
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https://ybex.io/wp-content/uploads/2025/06/ybex-pics-86.png
Elastos Launches World's First Bitcoin-Backed Stablecoin BTCD
Elastos, a leading Bitcoin DeFi protocol developer, has announced the launch of BTCD (Bitcoin Dollar), marking a significant milestone as the world’s first fully Bitcoin-backed stablecoin. The project aims to create a digital version of the Bretton Woods system, the post-World War II agreement that pegged the U.S. dollar to gold, positioning Bitcoin as the foundational asset for a new era of decentralized finance.
Revolutionary Approach to Stablecoin Collateralization
Unlike traditional stablecoins that rely on fiat currencies and short-term U.S. government bonds for backing, BTCD takes an innovative approach by using Bitcoin itself as collateral. Built on the BeL2 protocol, BTCD aims to provide a stable unit of account within the Bitcoin ecosystem, addressing the longstanding challenge of Bitcoin’s price volatility.
The Bitcoin-backed stablecoin represents a paradigm shift in cryptocurrency infrastructure, allowing users to maintain exposure to Bitcoin while accessing stable value for transactions and DeFi applications. This development addresses the fundamental challenge of Bitcoin’s price volatility while preserving the benefits of decentralized, censorship-resistant digital currency.
Overcollateralization Strategy Ensures Stability
Read the full article
Follow us social networks:Twitter https://x.com/Ybex_io | Telegram https://t.me/ybex_io | Exchanger https://ybex.io/