MAP Protocol announces a strategic transformation to focus on a full-chain infrastructure for the exchange of Bitcoin, stablecoins, and tokenized assets.

robot
Abstract generation in progress

PANews, July 11 news, according to an official announcement, MAP Protocol has announced its new strategic vision, transforming into a full-chain infrastructure focused on the exchange of Bitcoin, stablecoins, and tokenized assets. This transformation aims to address the cross-chain exchange demand brought about by the surge in institutional holdings of Bitcoin and the stablecoin market surpassing $200 billion. The protocol employs lightweight client technology and an MPC threshold signature scheme to achieve decentralized real-time asset swaps between the Bitcoin mainnet and public chains such as Ethereum and BNB Chain. Its front-end platform Butterswap currently processes an average of $170 million in stablecoin transactions per month, and will expand to support cross-chain swaps of fiat stablecoins such as the Korean Won and Hong Kong Dollar in the future.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)