bitSmiley revealed during a joint AMA with Unisat tonight that it will participate in the launch of a new protocol proposal supporting “BRC20 minting and burning functions”. Additionally, bitSmiley will integrate its stablecoin, bitUSD, into the upgraded BRC20 to unlock greater potential for Bitcoin assets.
(Prior summary:
bitSmiley launches “M-bitDisc-Black Staking Event” on the Merlin mainnet today.
)
(Background information:
BTC Stablecoin Protocol: bitSmiley partners with Bitcoin Layer2, Merlin mainnet introduces bitDisc-Black NFT.
)
This article is a press release written and provided by bitSmiley, and it does not reflect the position of the platform.
According to bitSmiley’s disclosure during the joint AMA with Unisat on the evening of March 15th, bitSmiley will participate in launching a new protocol proposal that supports BRC20 minting and burning functions.
The BRC20 protocol is expected to complete its latest upgrade at block height 837090, and the actual upgrade time is pending confirmation from the development and delivery team. After the upgrade, BRC20 will support minting and burning functions.
This upgrade will provide comprehensive infrastructure support for stablecoins in the BRC20 ecosystem. bitSmiley will integrate its stablecoin, bitUSD, into the upgraded BRC20 to unleash greater potential for Bitcoin assets.
Meanwhile, Unisat and Unisat Swap will also support the trading of bitUSD and other BRC20 assets.
The collaboration between bitSmiley and Unisat will promote the implementation and development of stablecoins in the BTC ecosystem, expand the BRC20 ecosystem, enrich the functionality supported by BRC20, and effectively increase the application scenarios of the BRC20 ecosystem.
(related reports)
UniSat officially launches brc20-swap mainnet: initially only supports 14 assets, withdrawals may be delayed.
Analysis of BTC’s two native asset protocols: BRC20 and ARC20.
Bitcoin DeFi Stablecoin Protocol: bitSmiley completes the first round of token financing, led by OKX Ventures and ABCDE.