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
Bitcoin And Ethereum ETFs Continue Positive Inflow Streak! Here Are The Latest Data
The cryptocurrency market saw significant inflows in spot exchange-traded funds (ETFs) for both Bitcoin and Ethereum.
Trump's Former Advisor Makes Million Dollar Investment in WLFI
Frax Finance has offered to invest up to $10 million in the Trump-led WLFI.
Former Ripple Executive Gives Date for End of SEC Case, Explains What Will Happen! – Analyst Makes Incredible XRP Price Prediction!
Former Ripple executive Sean McBride claimed that the XRP case could be resolved within a week.
OPUSDC now launched for USDC-M futures trading
Trending news
MoreCrypto prices
More
