On October 18, the Stable++ protocol was officially launched on the CKB mainnet. As the first over-collateralized stablecoin protocol developed on CKB, Stable++ serves both the Bitcoin and RGB++ ecosystems. The protocol supports BTC and CKB as collateral to mint the first RGB++ stablecoin, RUSD.
Looking ahead, Stable++ plans to support the CKB Lightning Network-Fiber network and be deployed on the BTC Layer2 issued by UTXO Stack. With the Leap feature of the RGB++ protocol, RUSD will soon be able to circulate freely within the Bitcoin ecosystem.
Stable++ protocol, strategically invested by the CKB Eco Fund, aims to introduce a native asset-based, over-collateralized decentralized stablecoin to the Bitcoin and RGB++ ecosystems, further unlocking liquidity of the DeFi ecosystem. By leveraging technologies such as RGB++ and the CKB Lightning Network, Stable++ provides support for payments, lending, trading, and other scenarios within the ecosystem.
About Stable++:
Stable++ is an over-collateralized stablecoin protocol built on the RGB++ Layer, aiming to provide a reliable and stable store of value within the Bitcoin ecosystem.
About CKB:
CKB is the first fully BTC-isomorphic L2 (PoW+UTXO), offering a more decentralized, secure, and Bitcoin-compatible L2 solution.
CKB scales Bitcoin’s programmability and interoperability with RGB++ protocol, which maps Bitcoin UTXOs to CKB Cells, enabling the seamless transfer of Bitcoin L1 UTXO-based assets such as Ordinals, Atomicals, and Taproot, to CKB without any cross-chain bridge and vice versa. UTXO Stack, a Bitcoin L2 “OP Stack” secured by CKB and powered by RGB++, enables high-performance parallel chains, offering near-unlimited scalability without compromising security. CKB Lightning Network will connect with Bitcoin’s Lightning Network, facilitating a bi-directional, censorship-resistant, permissionless and trustless flow of assets between the two networks.
CKB mainnet launched in Nov. 2019 and completed its first mining reward halving in Nov. 2023.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
