SUI network extends BTCFI potential by supporting SBTC, the BTC-supported asset of the Stacks Layer-2 chain

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Sui Network erweitert Unterstützung für BTC-Backed Asset sBTC Das Layer-1-Netzwerk Sui hat angekündigt, Unterstützung für sBTC zu integrieren, einen eins zu eins an Bitcoin gebundenen Vermögenswert von der Bitcoin Layer-2-Chain Stacks. Diese Neuerung ist ein bedeutender Schritt zur Erweiterung der BTCfi (Bitcoin Finance) Landschaft und eröffnet neue Möglichkeiten für die Interaktion mit Bitcoin auf der Sui-Plattform. Die Einführung von sBTC auf Sui ermöglicht es Nutzern, ihre Bitcoin-Treasuren effizienter zu nutzen, indem sie von den Vorteilen des Layer-1-Netzwerks profitieren können. Mit dieser Integration wird nicht nur die Liquidität erhöht, sondern auch die Nutzung von Bitcoin innerhalb der DeFi (dezentralen Finanzwirtschaft)-Ökosysteme gefördert. …
Sui Network extends Support for BTC-Backed Asset SBTC The Layer 1 network SUI has announced that it would integrate support for SBTC, one-to-one asset bound to Bitcoin from Bitcoin Layer-2-Chain Stacks. This innovation is an important step to expand the BTCFI (Bitcoin Finance) landscape and opens up new opportunities for interaction with Bitcoin on the SUI platform. The introduction of SBTC to SUI enables users to use their Bitcoin streasers more efficiently by benefiting from the advantages of the Layer 1 network. This integration not only increases liquidity, but also promoted the use of Bitcoin within the Defi (decentralized finance) ecosystems. ... (Symbolbild/KNAT)

SUI Network extends support for BTC-Backed Asset SBTC

The Layer 1 network SUI has announced that it would integrate support for SBTC, a one-to-one asset bound to Bitcoin from Bitcoin Layer-2-Chain Stacks. This innovation is an important step to expand the BTCFI (Bitcoin Finance) landscape and opens up new opportunities for interaction with Bitcoin on the SUI platform.

The introduction of SBTC to SUI enables users to use their Bitcoin denials more efficiently by benefiting from the advantages of the Layer 1 network. This integration not only increases liquidity, but also the use of Bitcoin within the Defi (decentralized finance) ecosystems.

Overall, the support for SBTC on SUI shows the commitment of the network to offer innovative solutions in the field of digital assets. By combining the stability and recognition of Bitcoin with the flexibility and efficiency of a modern Layer 1 network, Sui opens up new perspectives for developers and investors in the BTCFI area.