Bitcoin Infrastructure Alpen Labs Launches BTC-Collateralized Stablecoin BTD

Bitcoin infrastructure Alpen Labs announced the launch of the BTC-collateralized stablecoin BTD, aiming to eliminate governance, token, and custodial risks, while providing native yield and security through Alpen's Zero-Knowledge (ZK) Rollup technology. It is reported that BTD will be fully over-collateralized with Bitcoin. Unlike other similar stablecoins, Alpen Labs intends to develop BTD as a neutral protocol rather than a corporate product by utilizing Liquity V2's zero-governance architecture on the Bitcoin ZK Rollup.