tBTC Launches on Sui, Powered by Wormhole

Twitter icon  •  Published 1 day ago on July 8, 2025  •  Hassan Maishera

On Monday, the Sui Foundation announced via X that tBTC by the Threshold Network has launched on the Sui blockchain.

tBTC Launches on Sui, Powered by Wormhole

On Monday, the Sui Foundation announced via X that tBTC by the Threshold Network has launched on the Sui blockchain. With tBTC, users enjoy several features, including,

  • 1:1 BTC-backed

  • Trust-minimized via threshold cryptography

  • No centralized custodians

  • Live on 8+ chains — and now, Sui

Furthermore, tBTC’s interoperability is powered by Wormhole. 

Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by robust technological foundations. SUI is down 1.7% in the last 24 hours, trading at $2.8567 per coin. 

Wormhole is a leading interoperability platform powering multichain applications and bridges at scale. Wormhole’s modular suite of open-source, permissionless protocols and tools is being used by multichain builders to create some of the most popular web3 applications. W is trading at $0.0647, down 2.4% in the last 24 hours.  

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.