Hassan Maishera
On Thursday, the Sui Foundation announced via X a blog post that it will support sBTC in the coming months, the one-to-one bitcoin-backed asset from Stacks, a leading Bitcoin Layer 2 network.
This integration will enable holders to deploy their BTC into decentralized finance by leveraging Sui’s scalable, composable infrastructure, without relying on centralized custodians. Sui Foundation will also operate a validator on the Stacks network.
Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by robust technological foundations. SUI is up 1% in the last 24 hours, trading at $3.4904 per coin.
