sBTC Launches on Stacks Mainnet, Bringing Bitcoin DeFi to Life

Bitcoin L2 Labs, the core development team behind Stacks, announced the successful mainnet launch of a programmable 1:1 Bitcoin-backed asset, sBTC. It marks a major step toward building an on-chain Bitcoin economy and follows October's Nakamoto Upgrade, which delivered faster transactions and 100% Bitcoin finality to the Stacks network.

Source: beincrypto.com

Related symbols: STXUSD