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News Explorer — Bitcoin Now Has a Dollar-Backed Stablecoin Via Ordinals

Generated by AI, curated by humans

May 26, 8:16 pm

Decrypt

Bitcoin Now Has a Dollar-Backed Stablecoin Via Ordinals

The BRC-20 standard and Ordinals protocol have been gaining traction in the Bitcoin ecosystem, with Stably USD being the latest example. Stably has launched a U.S. dollar-backed stablecoin using the Ordinals BRC-20 fungible token standard, but there are some potential red flags.

The BRC-20 standard and Ordinals protocol have been gaining traction in the Bitcoin ecosystem, with Stably USD being the latest example. Stably has launched a U.S. dollar-backed stablecoin using the Ordinals BRC-20 fungible token standard, but there are some potential red flags.

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