SAT stablecoin is launched on Bitlayer, supporting Lorenzo stBTC as collateral, expanding to the BTC re-staking ecosystem for the first time

Satoshi Protocol, a stablecoin protocol based on the BTC ecosystem, announced the official launch of Bilayer, which also supports Lorenzo stBTC as collateral to borrow stablecoin SAT. It is reported that the two parties have reached a strategic cooperation. Satoshi Protocol is a stablecoin protocol based on the BTC ecosystem with over-collateralization. It has supported Bitlayer and BEVM main networks and plans to expand to multiple Bitcoin Layer2 ecosystems within a month, developing into a full-chain stablecoin protocol in the BTC ecosystem. Lorenzo aims to create the first Bitcoin liquidity financial layer based on the Babylon ecosystem, providing the simplest and smoothest BTC asset re-collateralization experience for crypto investors. It captures the best collateral returns while releasing collateral asset liquidity.