---
title: "Alpen Bitcoin Dollar (BTD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/btd-alpen/"
description: "Build-time stablecoin profile for Alpen Bitcoin Dollar (BTD)."
dateModified: "2026-10-02"
---



# Alpen Bitcoin Dollar (BTD)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** Decentralized (DeFi)

**Status:** pre-launch

## Overview

Alpen announced Bitcoin Dollar in May 2025 as a BTC-only, overcollateralized debt token built from Liquity V2 for its Bitcoin ZK rollup. The January 2026 recap describes the intended flow: deposit BTC, choose an interest rate and mint BTD. Immutable code and no governance remain stated design goals, with BTC/USD oracle providers intended to be fixed at deployment. No exact BTD production contract, executable redemption route or deployed liquidation and backstop evidence is established. Alpen platform testnets and infrastructure audits do not establish a BTD token launch or audit.

## Collateral

Pre-launch: BTC is the sole announced collateral for an overcollateralized Liquity V2-derived debt system on Alpen’s Bitcoin ZK rollup. No deployed collateral/liability ratio, reserve conservation or liquidation/backstop capacity is established.

## Peg Mechanism

Planned collateralized debt position system: deposit BTC, choose a borrower interest rate and mint BTD. Alpen proposes immutable contracts, no governance and BTC/USD oracle providers fixed at deployment. Exact redemption, liquidation, bad-debt and shutdown rules and oracle/bridge controls remain unverified; BOLD parameters are not inherited as facts.

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.