🚀 **Harvard's Crypto Cavalry Rides to the Rescue!**

- Harvard students and alumni have launched the "New Bretton Woods Project," aiming to create Bitcoin-backed stablecoins to tackle the global debt crisis. 🏦

- The project will use the Bel2 network, a Bitcoin layer-2 solution, to allow users to retain control of their BTC while enabling lending, borrowing, and stablecoin issuance.

- By leveraging Bitcoin's security and communicating with Ethereum protocols, this hybrid approach maximizes liquidity while preserving Bitcoin’s value.

- Harvard Innovation Labs will collaborate on this initiative, offering a fresh financial system amid soaring global debt.

Source: Peter Brandt.