CandleFocus bitSmiley Partners with Omnity Network for Bitcoin Innovation
2024-11-27
Author: Content Editor
The crypto news content states that bitSmiley has partnered with Omnity Network, a leading Bitcoin cross-chain protocol. Omnity is known for its high security, low costs, and excellent user experience. This collaboration is a significant step for bitSmiley as it aims to innovate within the Bitcoin space. The partnership will enable the release of a new decentralized stablecoin called bitUSD on the Bitcoin mainnet. This will be the first decentralized stablecoin backed by BTC on its native blockchain, providing liquidity to Bitcoin owners and allowing them to use their BTC for transactions or accessing loans without selling them. The partnership aims to enhance the BTC ecosystem and offer safe decentralized financial products and services on the mainnet.
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