GenericStablecoin, a versatile stablecoin platform that spans multiple blockchains, has recently announced a new partnership. The company revealed that it has teamed up with B
2
Network, known for its innovative modular Bitcoin L2 solution called B
2
Rollup. Taking to their official social media account on X, GenericStablecoin shared the exciting news of their collaboration with B
2
Network.
$GUSD
is now available on B² Network!
We are thrilled to partner with
@BSquaredNetwork
and become part of their ecosystem! B² Network is a cutting-edge Bitcoin Layer2 solution. It introduces B² Rollup, the first Bitcoin rollup based on verification commitment, along with B² Hub, the first Bitcoin Data…
pic.twitter.com/4I205niyZ4
— GenericStablecoin (@GStablecoin)
June 18, 2024
Joining Forces: GenericStablecoin and B
2
Network
In a recent announcement, GenericStablecoin unveiled its exclusive partnership with B
2
Network. Additionally, the platform announced the launch of its native cryptocurrency token $GUSD on the B
2
Network ecosystem. According to GenericStablecoin, B
2
Network has established a solid reputation in the market as the most suitable L2 network for Bitcoin.
Describing the project on their official X account, B
2
Network is recognized as the first BTC DA layer. GenericStablecoin also highlighted that B
2
Network offers the initial BTC rollup with verification commitment. The project also features B
2
Hub, the first BTC data availability layer, aimed at facilitating various rollup types for seamless transfers within the ecosystem.
The platform further discussed the positive outcomes of the collaboration between the two entities. GenericStablecoin emphasized that its omnichain-based liquidity aggregation would bring significant benefits to B
2
Network. The platform also mentioned that its yield system would enhance the joint effort. According to GenericStablecoin, both platforms are working closely to provide a unique L2 experience with Bitcoin.
Expressing optimism about the potential results of the partnership, GenericStablecoin enables users to develop a crucial stablecoin engine that caters to a wide stablecoin market for BTC L2. Additionally, B
2
Network also shared news of the partnership on its X account, highlighting that Generic USD (GUSD) is a fully decentralized and risk-free stablecoin.
Increased Liquidity Through the Partnership
GenericStablecoin also noted that the stablecoin supports local stablecoins and their underlying assets and derivatives on any chain, provided they maintain a 1:1 collateral ratio. According to
B
2
Network, re-staking can optimize fund utilization effectively. The collaboration is expected to significantly boost liquidity, as stated by both parties involved.
Tags:
BTC