🚀 Harvard's New Bretton Woods Project: Bitcoin to the Rescue! 🚀

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

Key Points:

- Utilizing the Bel2 network, a Bitcoin layer-2 solution.

- Users can keep control of their BTC while engaging in lending, borrowing, and stablecoin issuance.

- Bel2 leverages Bitcoin's security and communicates with Ethereum protocols to mint stablecoins.

This innovative approach combines Bitcoin's decentralized nature with the stability of pegged currencies, offering a fresh financial system amidst soaring global debt.

💬 What are your thoughts on Bitcoin-backed stablecoins? Comment below! 💬