$CKB Ecological Fund strategically invests in Stable++, an over-collateralized stablecoin protocol based on#UTXO

The Stable++ team plans to develop the first over-collateralized stablecoin protocol based on CKB to serve the Bitcoin ecosystem and RGB++ ecosystem.

It plans to support new Bitcoin assets such as #BTC, CKB and RGB++ as collateral, generate the first RGB++ stablecoin#USDPPthrough the protocol, and plans to deploy it on BTC Layer2 issued by UTXO Stack in the future.

By then, USDPP can circulate freely in the Bitcoin ecosystem through the Leap function of the RGB++ protocol.

CKB Ecological Fund believes that through strategic investment in the Stable++ protocol, decentralized stablecoins based on over-collateralization of native assets can be introduced to the Bitcoin ecosystem and RGB++ ecosystem, further releasing the liquidity of the DeFi ecosystem, and combining technical solutions such as RGB++ and CKB Lightning Network to unlock new scenarios such as payment and lending in the long term.