Bitcoin Dollar (BTCD) Officially Launched: The First Stablecoin Fully Collateralized by Bitcoin
Dubai A major milestone in the stablecoin world has just been set: Bitcoin Dollar (BTCD), the world's first stablecoin fully collateralized by native Bitcoin, has officially launched on the decentralized Elastos platform, marking a new era for Bitcoin-based decentralized finance.
BTCD: Combining stability and the power of digital gold
In the context of declining trust in the traditional financial system, BTCD appears as a transparent and non-custodial solution, allowing BTC owners to unlock liquidity without having to sell their original assets. Instead of relying on fiat collateral or volatile algorithms, BTCD is fully backed by real Bitcoin locked into P2WSH addresses, ensuring independent control for users.
This stablecoin is built on Elastos' SmartWeb, a Bitcoin-integrated mining platform since 2018. The project was developed by a team of Harvard students and alumni, incubated at the Harvard Innovation Lab, with the vision of turning the trillion-dollar Bitcoin balance sheet into the foundation of a new digital currency ecosystem.
Core technology: Non-custodial, non-wrapping, zero custody risk
Unlike other stablecoins that use "wrapped" BTC or rely on intermediaries, BTCD allows BTC to be kept natively on the Bitcoin chain, locked at P2WSH addresses, and collateralized through Zero-Knowledge Proofs. All processes of issuing and redeeming BTCD do not require disclosure of personal information, while still ensuring transparency and security.
Miners play a pivotal role in the BTCD ecosystem by providing security and staking ELA tokens as collateral to ensure issuance, liquidation, and arbitration.
Key Information about Bitcoin Dollar (BTCD)
Collateralization Ratio: 40% – 65% BTC + ELA Buffer
Proof of Reserves: Real-time updates on the Bitcoin chain
P2WSH Addresses: BTC locked directly, no wrapping required
No Custody Risk: No Derivative Tokens, No Third Parties
Transparent Liquidation Mechanism: Triggered by Contract Terms, No Random Liquidations
Networks: Elastos ECO (EVM) and PG Protocol Chain
Official Launch: August 2025
Audit: Certik, SlowMist, Trail of Bits (expected June 2025)
Drives for Elastos and the Bitcoin-Based DeFi Ecosystem
BTCD not only brings a new stablecoin, but also opens up a sustainable revenue stream for Bitcoin miners to leverage the power of over 50% of the Bitcoin network hash rate, from big names like Antpool, F2Pool, ViaBTC, and Binance Pool. This cements Elastos as the most secure and efficient merged mining network today.
At the same time, with the ELA token incentive model, all activities supporting the BTCD system such as liquidation, insurance, and cross-chain communication are tied to the growth of ELA demand, driving the value of the Elastos ecosystem as a whole.
A new version of Bretton Woods, built on Bitcoin
BTCD's model is compared to the Bretton Woods system, where USD was once pegged to gold. This time, BTCD is pegged to Bitcoin "digital gold", but more transparent, without the need for trust in governments or central banks.
“BTCD allows me to put my Bitcoin to work without relying on central banks or intermediaries,” said Jacob Li, CEO at NBW.
Start Your Bitcoin Dollar Journey
Developers & Media: Visit Elastos.net to track your real-time collateral dashboard and get the official media kit.
Exchanges & Wallets: Contact the team at [email protected] to list BTCD.
BTC Holders: Put your Bitcoin to work with BTCD at Elastos.net.
About BTCD
BTCD is the world's first Bitcoin-native stablecoin, fully backed by BTC and powered by Elastos SmartWeb. The project's mission is to turn Bitcoin into a programmable financial platform, a major step forward in tokenizing the entire global value system.