MAP Protocol announces strategic transformation into a full-chain infrastructure focused on Bitcoin, stablecoins and tokenized asset exchange

PANews reported on July 11 that according to an official announcement, MAP Protocol announced its new strategic vision, transforming into a full-chain infrastructure focused on Bitcoin, stablecoins and tokenized asset exchanges. This transformation is aimed at responding to the cross-chain exchange demand brought about by the surge in the scale of Bitcoin held by institutions and the stablecoin market exceeding $200 billion.

The protocol uses light client technology and MPC threshold signature scheme to achieve decentralized real-time asset swaps between Bitcoin mainnet and public chains such as Ethereum and BNB Chain. Its front-end platform Butterswap currently processes an average of $170 million in stablecoin transactions per month, and will expand support for cross-chain swaps of legal currency stablecoins such as the Korean won and Hong Kong dollar in the future.