Alpen Labs has introduced the Bitcoin Dollar (BTD), a Bitcoin-collateralized stablecoin created to uphold Bitcoin’s core values of decentralization, privacy, and permissionless access. The launch marks a significant step in developing censorship-resistant financial infrastructure, positioning BTD not as a corporate product but as a public good for the broader Bitcoin ecosystem.
BTD eliminates traditional governance frameworks, custodial reliance, and speculative tokens to set itself apart in the increasingly competitive stablecoin market. It is fully over-collateralized with Bitcoin and will be deployed via Alpen’s zero-knowledge (ZK) rollup, a testnet-live infrastructure designed as Bitcoin’s most secure, trust-minimized bridge. This setup enables native real yield and ensures the protocol code is immutable from day one.
Further reinforcing its decentralized design, BTD builds upon a modified version of Liquity V2’s governance-free architecture. This allows for capital-efficient lending and user-defined interest rates while preserving the censorship resistance demanded by Bitcoin maximalists. David Seroy, Head of Ecosystem at Alpen Labs, described BTD as “the stablecoin Bitcoin deserves”, — empowering users without compromising the fundamental ethos of decentralization.
Alpen is improving protocol resilience by integrating aggregated oracles with ZK rollup technology, creating a dual-layer system that reduces single points of failure. Samrat Lekhak from Liquity praises the project as a significant breakthrough, emphasizing that it combines the strengths of Bitcoin and a stable dollar without compromises.
Alpen Labs emphasizes that the Bitcoin Dollar is being developed as an open, neutral infrastructure rather than a profit-seeking enterprise. Although reliance on oracles remains a consideration, the protocol is designed with redundancy and data diversity to mitigate these vulnerabilities effectively.
In a related development signalling broader institutional movement into Bitcoin, Strive Asset Management announced on May 7 that it will go public through a reverse merger with Nasdaq-listed Asset Entities. This bold transition aims to lay the groundwork for building a significant Bitcoin treasury, further reflecting growing confidence in Bitcoin as a foundational asset.
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