The Bitcoin-native stablecoin bitSmiley Alphanet V1 Surpasses $24M TVL in 24 Hours!

05/02 13:00

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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.

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