Bitcoin L2 stablecoin protocol Bmaker has completed $1.2 million in pre-seed financing

Bitcoin Layer2 over-collateralized stablecoin protocol Bmaker has completed its $1.2 million pre-seed financing with C3u Capital and Tangle Capital leading the investment. Other capital, such as Waterdrop Capital, has expressed interest in seed round investment.The Bmaker team has developed the first Bitcoin Layer2 over-collateralized stablecoin protocol. They aim to provide more liquidity to the BTC ecosystem, benchmarking against Ethereum's MakerDao. The project will conduct its first multi-chain IDO on February 2nd to increase the number of early holders.