Threshold Launches tBTC on Sui Blockchain

This article is machine translated
Show original

ChainCatcher reports that, according to CoinDesk, Threshold Network has launched tBTC on the Sui blockchain, where tBTC is an ERC-20 token backed 1:1 by Bitcoin, aimed at enhancing BTCFi in the Sui ecosystem.

This integration allows users to mint tBTC directly on Sui, potentially adding over $500 million in Bitcoin liquidity to the Sui network, with BTC-backed assets currently accounting for more than 10% of the total locked value in the Sui ecosystem.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
1
Add to Favorites
Comments