The RWAFi platform BrickBank has officially announced its name change to R2 Protocol

ChainCatcher news, the RWAFi platform BrickBank has officially announced its rebranding to R2 Protocol. It is reported that R2 aims to create a new generation of stablecoin yield protocols, integrating RWA (real-world assets), TradFi (traditional finance), and DeFi (decentralized finance) to achieve efficient linkage and comprehensive empowerment of on-chain and off-chain funds.

The core product of the R2 protocol is its upcoming yield-bearing stablecoin R2USD. This stablecoin will serve as the value hub within the system, combining stability and yield, and will engage in deep cooperation with compliant traditional financial institutions, aiming to provide users with a new on-chain asset yield experience of "stability + appreciation."

According to official sources, R2 will officially launch its testnet in early April, at which time users can deeply experience the core functions of the protocol and have the opportunity to receive early participation rewards.