GenericStablecoin, a versatile stablecoin platform that spans across multiple blockchains, has recently unveiled a new collaboration. The company announced a strategic partnership with B
2
Network, a leading modular Bitcoin Layer 2 solution provider known for its innovative B
2
Rollup technology. Taking to their official social media account on X, the platform shared the exciting news.
$GUSD
is now officially live on B² Network!
We are thrilled to announce our partnership with
@BSquaredNetwork
and become part of their thriving ecosystem! B² Network is at the forefront of Bitcoin Layer 2 solutions, introducing B² Rollup, the first Bitcoin rollup based on verification commitment, and B² Hub, the first Bitcoin Data…
pic.twitter.com/4I205niyZ4
— GenericStablecoin (@GStablecoin)
June 18, 2024
GenericStablecoin and B
2
Network Forge Alliance
In a recent statement, GenericStablecoin revealed its exclusive collaboration with B
2
Network. Additionally, the platform introduced its native cryptocurrency token $GUSD on the B
2
Network ecosystem, highlighting the reputable status of its new partner in the market as a leading Bitcoin L2 network provider.
Described as the earliest Bitcoin Data Availability layer, B
2
Network sets the standard for BTC Layer 2 solutions. GenericStablecoin emphasized that B
2
Network offers the pioneering BTC rollup technology based on verification commitment, along with the innovative B
2
Hub, serving as the first BTC data availability layer to facilitate seamless transactions on the platform.
The collaboration between the two entities is expected to yield significant benefits, with GenericStablecoin’s omnichain liquidity aggregation enhancing the overall liquidity on B
2
Network. The platform’s yield system is set to further strengthen this partnership, enabling both platforms to deliver a unique Layer 2 experience with Bitcoin.
Optimism surrounds the potential outcomes of this joint initiative, as GenericStablecoin empowers users to build a robust stablecoin engine that caters to a wide range of stablecoin markets on BTC Layer 2. Additionally, B
2
Network also shared news of the partnership on its X account, emphasizing that Generic USD (GUSD) is a fully decentralized and secure stablecoin.
The Partnership Enhances Liquidity and Utility
Furthermore, the platform noted that the stablecoin supports local stablecoins and their underlying assets and derivatives on any blockchain, provided they maintain a 1:1 collateral ratio. According to
B
2
Network, re-staking can optimize fund utilization effectively, with the collaboration expected to significantly boost liquidity levels.
Tags:
BTC
