Stablecoin

Ethereum

SMILE

Bitcoin

DeFi

<ul class="wp-block-list">
  
 <li>KuCoin lists bitSmiley (SMILE), a BTC-native stablecoin, enhancing DeFi capabilities on the Bitcoin blockchain.</li>   
 <li>SMILE is set to trade with USDT on KuCoin, aiming to bring Bitcoin liquidity to multi-chain DeFi.</li>   
 <li>bitSmiley combines stablecoin, lending, and derivatives under Fintegra, promoting Bitcoin’s utility in decentralized finance.</li> 
</ul>   
<p>KuCoin, one of the leading cryptocurrency exchanges, announced its upcoming listing of bitSmiley token (SMILE), a new Bitcoin-native stablecoin, to its spot trading platform.&nbsp;According to KuCoin, deposits for SMILE tokens are already live via the Ethereum ERC20 network, while trading will open on Wednesday, November 6, 2024, at 10:00 UTC. </p>   
<p>Following this <a href="https://www.kucoin.com/announcement/en-bitsmiley-token-smile-gets-listed-on-kucoin-world-premiere?utm_source=TwitterContent" target="_blank" rel="noreferrer noopener">launch</a>, withdrawal services will be enabled the next day at the same time. KuCoin users can trade SMILE in a pair with Tether (USDT), broadening access to the latest BTC-native stablecoin protocol.</p>   
<h2 class="wp-block-heading" id="h-trading-details-and-protocol-background"><strong>Trading Details and Protocol Background</strong></h2>   
<p>bitSmiley is the first BTC-native stablecoin protocol created on the Bitcoin blockchain, designed under the Fintegra framework. The SMILE token features a <a href="https://cryptonewsland.com/stablecoins-unplugged-and-the-truth-about-monetization-misconceptions/" target="_blank" rel="noreferrer noopener sponsored nofollow">decentralized stablecoin</a> system backed by over-collateralization, trustless lending, and derivatives capabilities.&nbsp;</p>   
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   https://twitter.com/kucoincom/status/1853741398186721413 
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<p>This integration allows bitSmiley to offer a robust decentralized finance (DeFi) environment directly from Bitcoin’s infrastructure. The bitSmiley protocol merges stability and innovation, facilitating reliable liquidity within the broader blockchain ecosystem.&nbsp;</p>   
<p>KuCoin’s listing represents an impactful step in the token's roadmap, making it accessible to a larger audience and integrating Bitcoin-based assets more extensively in DeFi.</p>   
<h2 class="wp-block-heading" id="h-kucoin-s-confidence-in-btc-based-stablecoins"><strong>KuCoin’s Confidence in BTC-Based Stablecoins</strong></h2>   
<p>KuCoin expressed its excitement for the listing, viewing bitSmiley as a significant addition to its platform. bitSmiley introduces new opportunities for trading on KuCoin and reflects a movement toward enhancing BTC's presence in DeFi. By enabling SMILE trading on its platform, <a href="https://cryptonewsland.com/shiba-inu-coin-can-the-meme-deliver-serious-returns-or-is-rollblock-and-kucoin-utility-key/" target="_blank" rel="noreferrer noopener sponsored nofollow">KuCoin </a>highlights the potential of BTC-native protocols to support diversified, decentralized financial applications on a broader scale.</p>   
<p>The introduction of SMILE tokens allows for broader Bitcoin liquidity, leveraging its native blockchain to bridge other networks through BTCfi solutions. This feature positions bitSmiley as a protocol in the stablecoin ecosystem, allowing it to facilitate stable assets on the Bitcoin chain that interact seamlessly with cross-chain DeFi applications.</p> 
<p>The post <a href="https://cryptonewsland.com/kucoin-lists-btc-native-bitsmiley-smile-stablecoin-expanding-bitcoin-defi/">KuCoin Lists BTC-Native bitSmiley (SMILE) Stablecoin Expanding Bitcoin DeFi</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

KuCoin Lists BTC-Native bitSmiley (SMILE) Stablecoin Expanding Bitcoin DeFi

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