Threshold Network has launched tBTC on the Sui blockchain, an ERC-20 token backed 1:1 by Bitcoin. This integration aims to bolster Bitcoin financial products (BTCFi) within the Sui ecosystem. Users can now mint tBTC directly on Sui, potentially injecting over $500 million in Bitcoin liquidity into the network. Currently, BTC-backed assets represent more than 10% of the total value locked in the Sui ecosystem.
Threshold Network Introduces tBTC on Sui Blockchain
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.