
Bitcoin DeFi Project Elastos Debuts BTC-Backed Stablecoin BTCD
A Bitcoin-blockchain based decentralized finance (DeFi) project debuted a stablecoin fully backed by bitcoin BTC tokens as part of its effort to build a financial system centered on the largest and oldest cryptocurrency. Elastos, developer of the BeL2 protocol, unveiled its bitcoin dollar (BTCD) on Wednesday. The project aims to create a digital version of…