The Bitcoin over-collateralized stablecoin solution L2BMaker has completed cross-chain solution testing

ChainCatcher news, according to official sources, the Bitcoin over-collateralized stablecoin solution L2BMaker has officially completed cross-chain solution testing and is expected to release a test version in January 2024. BMaker allows users to generate a USD-pegged stablecoin BSC (BTC Stable Coin) using over-collateralized BTC, featuring decentralization and multi-chain compatibility.

It is reported that BMaker will also release a collateral liquidation smart contract as well as a global account and synchronized physical system to ensure the stable operation of the entire network. In future multi-chain operations, it aims to maximize its composability while ensuring the native security of the BTC network.