Threshold Network (T), pegged to the US dollar and Bitcoin And Ethereum is a decentralized stablecoin backed by Threshold USD (thUSD) announced its launch.
However, Threshold Network, which previously announced that an important announcement would be made soon, received a negative reaction in its price because the announcement did not meet expectations.
“In an era where DeFi is reshaping our financial landscape, thUSD stands out by integrating Bitcoin into DeFi without sacrificing decentralization,” said Threshold DAO’s Marketing Lead. thUSD is not just a stablecoin; “It is a bridge that combines the unique security and potential of Bitcoin and Ethereum with the fluidity and accessibility of DeFi markets.” said.
According to the official statement, one of the prominent features of thUSD is its understanding of borrowing. Users will be able to take out loans against their Bitcoin and Ethereum without the burden of ongoing interest payments. The platform states that it will only charge a one-time loan origination fee of 0.5%, making it a cost-effective and long-term option for users who want to invest in their digital assets without selling them.
According to the statement, until recently Bitcoin could not be used in DeFi without relying on central intermediaries. The launch of the second generation of tBTC on the Threshold Network has unlocked new possibilities for Bitcoin holders.
*This is not investment advice.
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