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Glassnode: Bitcoin DVOL index has hit a historical low, which may increase the risk of sudden fluctuations.
2025-08-15 07:26
Binance: PublicAI (PUBLIC) Airdrop will resume today at 15:30 (UTC+8)
2025-08-15 07:12
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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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The Bitcoin DeFi project Elastos has launched a BTC-backed stablecoin BTCD.
ChainCatcher news, according to CoinDesk, Bitcoin DeFi protocol BeL2 developer Elastos announced the launch of the BTC-backed stablecoin BTCD. Elastos marketing director Ahmed IJ stated that BTCD is backed by Bitcoin, with the collateral amount equivalent to 160%-200% of the value of BTCD. When the price of BTCD exceeds 1 USD, holders will burn tokens to redeem BTC, leading to a decrease in supply and a downward price trend; if it falls below 1 USD, users will deposit new BTC to mint BTCD and sell, resulting in an increase in supply and a price rebound.