Bitcoin DeFi Protocol Threshold Network Launches tBTC on Sui Network

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According to CoinDesk from Foresight News, Threshold Network's Bitcoin DeFi protocol has launched tBTC on the Sui network. tBTC is an ERC-20 token backed 1:1 by Bitcoin, designed to support BTCFi in the Sui ecosystem. This integration allows users to mint tBTC on the Sui network and is expected to add over $500 million in Bitcoin liquidity, with BTC-backed assets currently representing more than 10% of the total locked value in the Sui ecosystem.

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