The Bitcoin L2 stablecoin protocol Bmaker has completed a $1.2 million pre-seed funding

ChainCatcher news, Bitcoin Layer2 over-collateralized stablecoin protocol Bmaker has completed its $1.2 million pre-seed financing, led by C3u Capital and Tangle Capital; additionally, several other investors, including Waterdrop Capital, have confirmed their intention to invest in the seed round.

The Bmaker team has developed the first Bitcoin Layer 2 over-collateralized stablecoin protocol, benchmarking against Ethereum's leading MakerDao, aiming to provide more liquidity for the BTC ecosystem. The project will conduct its first multi-chain IDO on February 2nd to increase the number of early holders.