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Stablecoin Aggregation Protocol mStable Launched "Bitcoin Stablecoin"-Pegged Token mBTC
Summary: mStable, a stablecoin aggregator that aims to establish an autonomous and non-custodial stablecoin infrastructure, today launched a "Bitcoin stablecoin"-pegged cryptocurrency: mBTC. mBTC is said to be a meta-stablecoin based on the ERC20 version of Bitcoin, with a basket of assets and native interest rate. Any user who holds wBTC, RenBTC and sBTC can mint and exchange ...
mStable, a stablecoin aggregator that aims to establish an autonomous and non-custodial stablecoin infrastructure, today launched a "Bitcoin stablecoin"-pegged cryptocurrency: mBTC.
mBTC is said to be a meta-stablecoin based on the ERC20 version of Bitcoin, with a basket of assets and native interest rate. Any user who holds wBTC, RenBTC and sBTC can mint and exchange mBTC.
The company claims that the advantage of mStable comes from its structure: its multi-coin pegged design minimizes the asset collapse risk. mBTC is the second stablecoin released by mStable after mUSD.
By Mary Liu
Tags: Bitcoin,mBTC,mStable,renBTC,SBTC,Stablecoin,WBTC
Link: Stablecoin Aggregation Protocol mStable Launched "Bitcoin Stablecoin"-Pegged Token mBTC [Copy]
