PANews reported on May 8 that according to Bitcoin.com, Alpen Labs launched the Bitcoin over-collateralized stablecoin BTD, which is pegged to the US dollar at a 1:1 ratio and is entirely collateralized by Bitcoin. BTD will run on the ZK Rollup Layer2 network developed by Alpen Labs, a system designed to reduce trust assumptions while integrating the Liquity V2 lending protocol, allowing users to directly pledge BTC to mint stablecoins. BTD uses an unchangeable smart contract design that does not rely on governance tokens or upgradeable code, in line with the decentralization principle of Bitcoin. Unlike most stablecoins, BTD does not use algorithmic models or centralized management, but still relies on third-party oracles to provide BTC/USD price data. Alpen Labs said it will reduce oracle risk by aggregating multi-source data.
Developers can experience BTD on the upcoming testnet, which will support decentralized lending and trading applications and conduct integration testing with Bitcoin payment layers such as Taproot Assets. David Seroy, head of the Alpen Labs ecosystem, emphasized that BTD is committed to expanding the Bitcoin financial ecosystem while maintaining decentralization.
