Templar, billed as the first Cypher Lending Protocol, went live on mainnet, enabling bitcoin holders to borrow U. S. dollar–pegged stablecoins against native BTC without relying on banks, exchanges, or centralized 0 protocol uses MPC (multi-party computation) and immutable, non-upgradable smart contracts to prevent freezing, seizure, or rehypothecation of collateral, and requires no wrapping, bridging
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