Bitcoin-backed stablecoins are now a reality. Don't trust the banks.
If you hold any stablecoins emitted by third parties like Coinbase and Circle your money is at risk because banks could collapse, and the company that emits your stablecoin goes under or under US laws.
Borrow at 0% interest with your Bitcoin, get zUSD exchange that for other stablecoins and without your bank using centralized one (your risk), or just buy more Bitcoin.
The dollar on the chain is Bitcoin backed powered by smart contracts on the third Bitcoin's layer RSK Rootstock.
You can also get DLLR which is backed by Bitcoin by utilizing a borrowing protocol that is over-collateralized at 110% or more.
And now it is open to the public in general.
While you are also looking to bridge some BTC using Lightning Network and Sorvryn LN bridge into RSK Rootstock and vise-versa.
Taro will allow for Bitcoin-backed stablecoins to be used with LN too, that is something good now that we have Bitcoin-backed stablecoins like DoC and DLLR that run on RSK but soon also on Taro as a solution to USDC and USDT.
https://www.zapread.com/p/2zs/bitcoin-backed-stablecoins-are-not-a-reality-dont-trust-the-banks
#Bitcoin #BTC #RSK #Rootstock #LightningNetwork #LN #Taro #OrdinalsNFTs #NFTs #USD #USDC #USDT #TetherUSDT #Coinbase #silvergate #FTX #Silicon_Valley_Bank #siliconvalleybank #DLLR #DoC #SovrynBTC #StaySovryn