Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
The Bitcoin-native stablecoin bitSmiley Alphanet V1 Surpasses $24M TVL in 24 Hours!

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

CointimeCointime2024/05/02 13:01
By:Cointime

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin’s LTH Spending Signals New Accumulation Phase

Long-Term Holder spending hits minimum, aligning with Bitcoin accumulation and potential price growth.Bullish Indicators Add Strength to Price Outlook

Coinomedia2025/06/17 17:48
Bitcoin’s LTH Spending Signals New Accumulation Phase

US Ethereum ETFs Hit Record 3.91M ETH Reserve

: U.S. spot Ethereum ETFs reach a record 3.91M ETH, with BlackRock holding the largest share at 41%.BlackRock Leads, Grayscale FollowsInstitutional Adoption Gaining Momentum

Coinomedia2025/06/17 17:48
US Ethereum ETFs Hit Record 3.91M ETH Reserve

Missed Ethereum’s ICO? Qubetics at $0.3370 Stands Out Among Best Cryptos to Buy This Month

Missed Ethereum’s early rise? Qubetics is in its final presale stage, offering real utility, reduced supply, and up to 4,349% ROI potential. Discover the best crypto to buy this month.Qubetics Interoperability: Cross-Network Access Without ComplexityEthereum’s Legacy and Qubetics’ PromiseThe Bottom Line

Coinomedia2025/06/17 17:48
Missed Ethereum’s ICO? Qubetics at $0.3370 Stands Out Among Best Cryptos to Buy This Month

Polyhedra to Increase ZKJ Buybacks After ‘Financial Attack’

Polyhedra co‑founder pledges more ZKJ token buybacks after price crash triggered by a financial attack.What Caused the Crash?Upcoming Buybacks & Security MeasuresWhat This Means for ZKJ Holders

Coinomedia2025/06/17 17:48
Polyhedra to Increase ZKJ Buybacks After ‘Financial Attack’