UTXO-based overcollateralized stablecoin protocol Stable++ is launched on CKB mainnet

The Stable++ protocol, strategically invested by CKB Ecological Fund, is launched on CKB mainnet. Stable++ is the first overcollateralized stablecoin protocol developed based on CKB to serve the Bitcoin ecosystem and RGB++ ecosystem. The protocol supports BTC and CKB as collateral, and generates the first RGB++ stablecoin RUSD through the protocol. In the future, Stable++ will also support the CKB Lightning Network and will be deployed on BTC L2 issued by UTXO Stack. At that time, through the Leap function of the RGB++ protocol, RUSD will be able to circulate freely in the Bitcoin ecosystem.

Previously, CKB Ecological Fund strategically invested in the Stable++ protocol, aiming to introduce decentralized stablecoins based on native assets and overcollateralized for the Bitcoin ecosystem and RGB++ ecosystem, further releasing DeFi ecosystem liquidity.