BadgerDAO and Lido Finance Introduce Bitcoin-Pegged Stablecoin, eBTC

BadgerDAO has partnered with Lido Finance to launch a new Bitcoin-pegged stablecoin, eBTC. This initiative marks a novel approach to Bitcoin loans, leveraging Ethereum’s blockchain through Lido’s staked ETH token (stETH) as backing. New Stablecoin Enters DeFi The eBTC stablecoin emerges as a distinctive offering in the DeFi market. It aims to enable users to borrow Bitcoin at a... source: https://beincrypto.com/badgerdao-lido-bitcoin-stablecoin-ebtc/