According to ChainCatcher, RWAFi platform BrickBank officially announced its renaming to R2 Protocol. It is understood that R2 aims to build a new generation of stablecoin yield protocol, integrating RWA (Real World Assets), TradFi (Traditional Finance), and DeFi, achieving efficient linkage and comprehensive empowerment of on-chain and off-chain funds.

The core product of R2 Protocol is its upcoming yield-generating stablecoin R2USD. This stablecoin will serve as the value hub within the system, combining stability and yield, and will engage in deep collaboration with compliant traditional financial institutions, dedicated to providing users with a new on-chain asset yield experience of "stability + value-added".

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