Odaily News According to official news, the Bitcoin native stablecoin project bitSmiley announced the completion of a second round of financing of US$10 million. This round of financing attracted a number of well-known investment institutions including MH Ventures and Skyland Ventures, which will provide strong support for bitSmiley to expand the liquidity and application scenarios of Bitcoin in decentralized applications. bitSmiley's products combine over-collateralization and native BTC loan mechanisms to provide robust liquidity support, striving to bring users a safer and more transparent DeFi experience. By cooperating with platforms such as ZetaChain, bitSmiley is building seamless cross-chain transaction capabilities and using a multi-chain stablecoin strategy to enhance the security and user experience of DeFi. J Yee, co-founder of bitSmiley, said that this round of financing will be mainly used to further optimize the construction of BTCFi infrastructure, expand the team size, and accelerate the launch of innovative functions, striving to promote the wider application of Bitcoin in the DeFi field.