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Stacks Building Self-Custody Bitcoin Backed Stablecoin

BTC Backed StablecoinThe current problem facing Bitcoin holders is that they have to wrap or tokenize their bitcoin to use it in a DeFi platform to exchange it for a stablecoin.
Building the world’s first stablecoin that is backed by Self-Custody $BTC?
Arkadiko has joined up with DLC.Link to build the “world’s first” stablecoin that is backed by self-custody Bitcoin.
Arkadiko provides a platform for users to collateralize Stacks STX tokens and mint the USDA stablecoin.
Stacks STX Token OutlookFinally, STX, the Stacks native token, dropped 1.8% on the day.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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