Alpen Labs has introduced the Bitcoin dollar (BTD), a stablecoin that utilizes Bitcoin as collateral. This new offering addresses the need for censorship resistance in the stablecoin sector.
Operationally pegged to the U.S. Dollar, BTD is over-collateralized and employs zero-knowledge rollup technology for enhanced security and efficiency. It is designed without reliance on governance tokens.
Developers are invited to test applications on the forthcoming testnet, which aims to merge with Bitcoin’s evolving infrastructure. David Seroy emphasizes the potential of BTD to honor Bitcoin’s principles.
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