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The Daily Hodl
2023-03-16 17:06:40

Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins

Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins

March 16, 2023 – London, United Kingdom Sovryn, the leading Bitcoin-based DeFi (decentralized finance) platform, launches the Sovryn Dollar (DLLR). The Sovryn Dollar introduces a new standard of stablecoin, 100% backed by Bitcoin to provide unparalleled censorship-resistance, security and reliability. In response to the regulatory and banking problems centralized stablecoins have recently experienced, the Sovryn The post Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins appeared first on The Daily Hodl .

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