SBTC launch on December 16: Stacks, a Bitcoin layer-two platform, will introduce sBTC, a synthetic asset pegged 1:1 to Bitcoin. This launch marks a significant step for Bitcoin’s integration with decentralized finance (DeFi) and Web3, scheduled for December 16.
Unlocking 2 trillion USD potential: Managed by projects like Hermetica’s USDH and Velar Dex, Stacks aims to leverage Bitcoin’s nearly 2 trillion USD market. SBTC will allow access to Bitcoin liquidity in trading, yield generation, and on-chain lending within the Stacks ecosystem.