KBTC is a cross-chain algorithmic stablecoin deployed on the HECO chain that is pegged 1:1 with BTC.
KBTC is the worlds first algorithmic stablecoin that combines the AMPL mechanism with BASIS and is pegged 1:1 with BTC.
KBTC is now a synthetic asset of BTC on HECO and will become a cross-chain synthetic asset of BTC in the future, allowing BTC users to participate more conveniently in DEFI applications across various chains; users only need to exchange their BTC for KBTC.
