On December 4th, COINOTAG News reported the official launch of Shell Finance, a pioneering decentralized stablecoin protocol built on the Bitcoin mainnet. As the first of its kind, Shell Finance allows users to collateralize BTC, along with other assets such as Ordinals NFTs and BRC-20 tokens, to mint its stablecoin, SUSD. This innovative platform is set to significantly boost the liquidity of BTC layer one assets, creating a robust framework for the burgeoning Bitcoin financial ecosystem, known as BTCFi. Furthermore, Shell Finance plans to extend its capabilities to other networks leveraging the Bitcoin Fractal and UTXO models, thereby enhancing the overall utility and adoption of SUSD in the broader cryptocurrency market.
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