Foresight News reports, according to Cointelegraph, that Bitcoin ecosystem DeFi protocol BitVault has announced the completion of a $2 million seed round financing. Strategic investors include GSR, Gemini, Auros, and Keyrock. The funds will be used to support the launch of bvUSD (BitVault's over-collateralized stablecoin backed by Bitcoin derivatives) and sbvUSD (an income-generating variant supported by GSR's institutional trading strategies).

Foresight News reports that, according to Cointelegraph, the Bitcoin ecosystem DeFi protocol BitVault announced the completion of a $2 million seed round. Strategic investors include GSR, Gemini, Auros, and Keyrock. The funding will be used to support the launch of bvUSD (BitVault's overcollateralized stablecoin backed by Bitcoin derivatives) and sbvUSD (an income-generating variant supported by GSR's institutional trading strategies).

Bitcoin ecosystem DeFi protocol BitVault completes $2 million seed round financing