## Sovryn Officially Launches Sovryn Dollar (DLLR), a Bitcoin-Backed Stablecoin
Community Call #69 was a landmark session focused on the official launch and strategic rollout of the **Sovryn Dollar (DLLR)**. This new stablecoin is fully backed by Bitcoin and forms a foundational pillar of the Sovryn ecosystem, designed to be the default stable asset for Bitcoin DeFi.
### Why Sovryn Dollar?
DLLR is designed to address the need for a decentralized, censorship-resistant stablecoin native to the Bitcoin ecosystem. Unlike fiat-collateralized stablecoins, DLLR’s value is derived entirely from the Bitcoin locked in the Zero protocol, aligning it with the core principles of decentralization. Its primary function is to provide a stable unit of account and medium of exchange, enabling more complex financial activities on Sovryn.
### Key Features and Economic Strategy
1. **Bitcoin-Backed:** Every DLLR is minted by users borrowing against their BTC collateral in the Zero protocol, ensuring a transparent and verifiable backing.
2. **Stability Pool:** The primary mechanism for maintaining the peg is the Stability Pool. Users can deposit their DLLR to help liquidate under-collateralized loans, earning BTC rewards in the process. This creates a flywheel effect, where demand for DLLR to participate in the Stability Pool helps support its price.
3. **Adoption and Integration:** The core team outlined an aggressive strategy to drive adoption. This includes integrating DLLR into major non-custodial wallets, pursuing listings on centralized and decentralized exchanges, and establishing DLLR as the primary pairing for assets within the Sovryn AMM.
### What’s Next for DLLR?
The immediate focus is on building deep liquidity and fostering widespread utility. The team is actively working on partnerships to make DLLR accessible to a broader audience and to establish it as a trusted stablecoin for Bitcoiners everywhere. The successful launch of DLLR is a critical step in Sovryn’s mission to build a complete, parallel financial system on Bitcoin.