Sovryn

On March 17th, the Bitcoin based DeFi protocol, Sovryn, launched a 100% Bitcoin supported stable currency, Sovryn Dollar (DLLR), which is aggregated from other Bitcoin supported stable currencies and linked to the US dollar. Interpretation of this information: On March 17th, Sovryn, a DeFi protocol that is based on Bitcoin, launched a completely Bitcoin supported stable currency, Sovryn Dollar (DLLR). This new currency is linked to the US dollar and is aggregated from other Bitcoin supported stable currencies. This move signifies an effort to develop an ecosystem built around Bitcoin…