CKB ecosystem stablecoin project Stable++ is launched on the testnet.

Stable++ aims to be a multi-functional protocol that provides financial services to users. RUSD is a platform stablecoin, which is issued on the Bitcoin network based on the RGB++ protocol and can circulate freely on any chain that supports UTXO. Based on the overcollateralized vault and liquidation module, Stable++ allows users to borrow stablecoin RUSD with BTC or CKB as collateral; provide RUSD to the protocol in exchange for liquidation or secondary pledge token rewards; pledge secondary tokens to earn handling fees for borrowing or redeeming assets; and exchange assets at a price anchored to the US dollar. In addition, Stable++ has introduced liquidity staking through Nervos DAO. Users can stake CKB in exchange for wstCKB, and while earning staking rewards, they can still use wstCKB for investment.

The BTC ecosystem Launchpad platform IBO has started the staking activity to obtain STB. STB is the Stable++ platform token, with a total of 21M. 20% of the shares will be airdropped to Seal's pledgers on the IBO platform. In the future, users will be able to earn income by staking STB and participate in protocol governance and decision-making through STB.