🚀Bitcoin native stablecoin project bitSmiley announced the completion of a second round of financing of US$10 million! This round of financing attracted well-known investment institutions such as MH Ventures and Skyland Ventures, which will help bitSmiley expand the liquidity and application scenarios of Bitcoin in decentralized applications.

bitSmiley combines over-collateralization and native BTC loan mechanisms to provide a secure and transparent DeFi experience. In cooperation with ZetaChain, bitSmiley is building seamless cross-chain transaction capabilities to enhance the security and user experience of multi-chain stablecoin strategies.

Co-founder J Yee said that the financing will be used to optimize BTCFi infrastructure, expand the team and accelerate the launch of innovative features. What do you think of the future of Bitcoin in the DeFi field? Welcome to share your views in the comment area! 💬