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BitVault Raises $2M From GSR, Gemini, And Auros To Launch BTC-Backed Money
This story was originally published on HackerNoon at: https://hackernoon.com/bitvault-raises-$2m-from-gsr-gemini-and-auros-to-launch-btc-backed-money.
The raise supports the launch of bvUSD, BitVault’s overcollateralized stablecoin backed by Bitcoin derivatives, and sbvUSD, its yield-bearing variant powered by
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BitVault, a DeFi protocol aiming to redefine Bitcoin’s role in stablecoin infrastructure, has announced the close of a $2 million pre-seed round. Strategic investors include GSR, Gemini, Auros, and Keyrock. BitVault will serve as a core stablecoin protocol on Katana, a new DeFi-first chain incubated by Polygon Labs and GSR.
Published on 2 weeks, 2 days ago