Odaily Planet Daily News According to the official announcement, MAP Protocol announced its new strategic vision and transformed into a full-chain infrastructure focusing on Bitcoin, stablecoins and tokenized asset exchanges. The transformation is aimed at responding to the surge in the scale of institutional Bitcoin holdings and the cross-chain exchange demand brought about by the stablecoin market exceeding $200 billion.
The protocol uses light client technology and MPC threshold signature scheme 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 million in stablecoin transactions per month, and will expand support for cross-chain swaps of fiat stablecoins such as the Korean won and Hong Kong dollar in the future.