🎬 The Bitcoin-Backed Stablecoin That Ditches US Treasuries w/ David Seroy
Every popular stablecoin — Tether, USDC — is ultimately backed by US Treasuries, which means a handful of entities can freeze, seize, or censor your funds at will. In this conversation, David Seroy of Alpen Labs explains to Bitcoin Magazine's Shinobi why a Bitcoin-backed stablecoin is the credible alternative the space has been missing. They cover the immutable Liquity protocol, Bitcoin ZK rollups, and how to mint a dollar that inherits Bitcoin's security.
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➤ Alpen Labs proposes a Bitcoin-backed stablecoin utilizing the immutable Liquity protocol and Bitcoin ZK rollups as an alternative to US Treasury-backed stablecoins, aiming for censorship resistance and enhanced security.
➤ The discussion critiques current stablecoins for their reliance on US Treasuries, citing censorship risks and their role in perpetuating the global sovereign debt crisis, while also examining past failures of crypto-collateralized and algorithmic stablecoins.
➤ The core innovation lies in leveraging Bitcoin's security on a Layer 2 ZK rollup combined with Liquity's stability pool mechanism for efficient liquidations, creating a credibly censorship-resistant and immutable stable asset.
#stablecoin #bitcoin #liquity #zkrollup #decentralized finance #censorship resistance #US Treasuries #Alpen Labs
The Compass for the Tokenized Real-World Assets
Thursday, July 9, 2026
The Bitcoin-Backed Stablecoin That Ditches US Treasuries w/ David Seroy
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