{"id":24779,"date":"2025-06-19T11:19:52","date_gmt":"2025-06-19T08:19:52","guid":{"rendered":"https:\/\/forklog.com\/en\/elastos-launches-bitcoin-backed-stablecoin\/"},"modified":"2025-06-19T11:19:52","modified_gmt":"2025-06-19T08:19:52","slug":"elastos-launches-bitcoin-backed-stablecoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elastos-launches-bitcoin-backed-stablecoin\/","title":{"rendered":"Elastos Launches Bitcoin-Backed Stablecoin"},"content":{"rendered":"<p><a href=\"https:\/\/forklog.com\/en\/news\/will-btcfi-fuel-bitcoins-next-leg-up\">BTCFi<\/a> project Elastos has introduced BTCD, a stablecoin backed by the leading cryptocurrency.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The wait is over. Introducing the first fully Bitcoin-backed stablecoin, The Bitcoin Dollar \u2014 $BTCD\u26a1\ufe0f<\/p>\n<p>BTCD is the world\u2019s first Bitcoin-native stablecoin, fully collateralized with BTC and governed by Elastos. It&#8217;s time to put Bitcoin\u2019s trillion-dollar balance sheet to work! <a href=\"https:\/\/t.co\/DDbzRUsVQS\">pic.twitter.com\/DDbzRUsVQS<\/a><\/p>\n<p>\u2014 Elastos (@ElastosInfo) <a href=\"https:\/\/twitter.com\/ElastosInfo\/status\/1935374995657568716?ref_src=twsrc%5Etfw\">June 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The team aims to create a &#8220;digital version of the <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%91%D1%80%D0%B5%D1%82%D1%82%D0%BE%D0%BD-%D0%92%D1%83%D0%B4%D1%81%D0%BA%D0%B0%D1%8F_%D1%81%D0%B8%D1%81%D1%82%D0%B5%D0%BC%D0%B0\">Bretton Woods system<\/a>&#8220;\u2014the post-war agreement that pegged the US dollar to gold and established it as the world&#8217;s reserve currency to enhance financial stability.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;[We] are reimagining Bretton Woods with Bitcoin at its core,&#8221; stated Elastos.<br \/><\/cite><\/p><\/blockquote>\n<p>Dollar-pegged stablecoins are typically backed by fiat currencies and highly liquid short-term US government bonds.\u00a0<\/p>\n<p>Unlike traditional stablecoins, BTCD is backed by a volatile asset\u2014Bitcoin.\u00a0<\/p>\n<p>In a conversation with <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/18\/bitcoin-defi-project-elastos-debuts-btc-backed-stablecoin-btcd\">CoinDesk<\/a>, Elastos representatives explained that they address price fluctuations through over-collateralization\u2014at a level of 160-200% of BTCD&#8217;s value.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Oracles update the exchange rate of the leading cryptocurrency to the dollar in each block. If coverage drops to 110%, arbitrageurs can repay the debt, buy digital gold at a slight discount, and eliminate the risk,&#8221; the developers noted.\u00a0<br \/><\/cite><\/p><\/blockquote>\n<p>Thus, the rate is algorithmically regulated by issuing and burning BTCD depending on the supply and demand ratio.<\/p>\n<p>The total market capitalization of the stablecoin segment has exceeded $260 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"340\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/stablecoins-4-1024x340.png\" alt=\"stablecoins-4\" class=\"wp-image-260688\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/stablecoins-4-1024x340.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/stablecoins-4-300x100.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/stablecoins-4-768x255.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/stablecoins-4-1536x510.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/stablecoins-4.png 1617w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>The total <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> of Bitcoin-based decentralized applications amounts to $6.41 billion. The segment ranks third on DeFi Llama, trailing only Ethereum and Solana ecosystems.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"284\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/DeFillama-9-1024x284.png\" alt=\"DeFillama-9\" class=\"wp-image-260689\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/DeFillama-9-1024x284.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/DeFillama-9-300x83.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/DeFillama-9-768x213.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/DeFillama-9.png 1300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/defillama.com\/chains\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>The largest BTCFi platform is Babylon Protocol. The TVL of the restaking service is $4.9 billion.\u00a0<\/p>\n<p>Back in April, Cardano founder Charles Hoskinson <a href=\"https:\/\/forklog.com\/en\/news\/hoskinson-proposes-100-million-ada-swap-for-bitcoin-and-stablecoins\">proposed<\/a> allocating $100 million in ADA tokens from the project&#8217;s reserves to purchase Bitcoin and stablecoins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BTCFi project Elastos has introduced BTCD, a stablecoin backed by the leading cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":24778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1784,807],"class_list":["post-24779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-btcfi","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"90","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24779"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24778"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}