Hassan Maishera
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,
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1:1 BTC-backed
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Trust-minimized via threshold cryptography
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No centralized custodians
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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.
