CoinVoice has recently learned that the Bitcoin Layer 2 Stacks has reached a strategic cooperation with the interoperability platform Wormhole, aiming to achieve multi-chain deployment of sBTC through Wormhole's native token transfer standard (NTT), releasing Bitcoin's native liquidity and promoting cross-chain development of decentralized finance.
sBTC is a decentralized asset launched by Stacks that is 1:1 pegged to Bitcoin, allowing users to transfer BTC between the Bitcoin network and other blockchains without trust, while maintaining. In less than six months since its launch, the total value locked (TVL) of sBTC has surpassed $500 million, surpassing the Lightning Network and Liquid, becoming one of the largest native Bitcoin Layer 2 solutions.
This cooperation will enable sBTC to leverage Wormhole's cross-chain infrastructure to achieve native liquidity circulation on mainstream blockchains such as Solana and Sui, without relying on traditional wrapped assets. Core members of the Stacks ecosystem, including Asymmetric Research and DeFi protocols Granite and Zest, will also participate in the integration to collectively enhance the application potential of Bitcoin in cross-chain finance. [Original link]