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 Dollar offers a decentralized alternative, backed by and redeemable for Bitcoin. The Sovryn Dollar goes live today and is available globally.

Trending: Former Michael Cohen Lawyer Drops Bombshell After Yesterday’s Testimony In Front Of Grand Jury For Manhattan DA’s Desperate Case Against Trump [VIDEO]

The Sovryn Dollar offers users the opportunity to hold a stable and reliable digital asset that is pegged to the US dollar without being exposed to the risks associated with centralized stablecoins like Tether or USDC.

Centralized stablecoins have long been a

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend