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
Russia’s Ministry of Energy Proposes ‘Pull the Plug’ Rule for Crypto Miners
Bitcoin ETFs Extend Outflow Streak, Ethereum ETFs Also Join the Slide
Bitwise Makes New ETF Move After XRP ETF Filing
According to Analysis Company, Bitcoin May Have Seen a Local Bottom: Here’s What to Expect
Cryptocurrency analysis company CryptoQuant has published a new analysis, suggesting that the Bitcoin price may have bottomed.