Liquidity Protocol Mechanism

On March 18th, the privacy network Threshold Network announced that the US dollar stable currency thUSD test network based on tBTC has been launched. This stable currency uses the Liquidity protocol mechanism for reference, and uses tBTC (a derivative token generated by Ethereum through a cross chain solution of Threshold Network) as collateral to generate USD stable currency thUSD. Threshold Network Announces thUSD Test Network Officially Launched Analysis based on this information:Threshold Network, the popular privacy network, recently announced the launch of thUSD, a United States dollar-based stable currency. According to the announcement, thUSD is based on the Liquidity protocol mechanism and uses tBTC as collateral. tBTC is a derivative token generated by Ethereum through a cross-chain solution of Threshold Network. The launch of this thUSD stable currency is a significant development for Threshold Network and the broader crypto ecosystem. Stable currencies such as thUSD are designed to offer cryptocurrency users a reliable and stable option to hold funds without…