MAP Protocol Announces Strategic Transformation to a Full-Chain Infrastructure Focused on Bitcoin, Stablecoins, and Tokenized Asset Exchange

According to the official announcement, MAP Protocol has announced its new strategic vision, transforming into a cross-chain infrastructure focused on the exchange of Bitcoin, stablecoins, and tokenized assets. This transformation aims to address the cross-chain exchange demand brought about by the surge in institutional holdings of Bitcoin and the stablecoin market exceeding $200.00 billion. The protocol uses light client technology and MPC threshold signature schemes to achieve decentralized real-time asset swaps between the Bitcoin mainnet and public chains such as Ethereum and BNB Chain. Its front-end platform, Butterswap, currently processes an average of $170.00 million in stablecoin transactions per month, and will expand to support cross-chain swaps of fiat stablecoins such as the Korean Won and Hong Kong Dollar in the future. [Odaily Planet Daily]