BlockBeats news, on December 4th, according to official news, the decentralized stablecoin protocol Shell Finance on the BTC mainnet announced its launch today.
It is reported that Shell Finance is the first decentralized stablecoin protocol built on layer one BTC. Users can collateralize BTC, Ordinals NFTs, BRC-20, Runes, and other BTC ecosystem assets to obtain stablecoins (SUSD).
The official statement indicates that the launch of Shell Finance will greatly enhance the liquidity of layer one BTC assets and lay a solid foundation for the explosion of BTCFi. In the future, Shell Finance will also expand to networks like Bitcoin Fractal and other UTXO models, further expanding the use cases of SUSD.
