TBTC TBTC’s TBTC, ERC-20 Code supported from 1 to 1 by Bitcoin
SUI appeared for the first time on Monday, where Threshold is looking to expand BTCFI in the SUI ecosystem.
Cooperation enables users to deposit BTC on SUI and Mint TBTC, which may add more than $ 500 million from Bitcoin’s liquidity to SUI. This means that users can publish BTC in the Sui -based Defi to generate an additional return with TBTC smoothly using the ecosystem.
“TBTC is expected to bring a huge amount of Bitcoin’s liquidity to SUI, which creates a really important bridge-not only for institutions but for ordinary people who love Bitcoin.”
“This new integration opens another door for sovereign BTCFi sharing,” Abiudon added.
BTCFI represents a full range of decentralized financing applications designed to work with Bitcoin, with the aim of enhancing the core currency core beyond recounting the value store.
Nearly 600 BTC, whose value is more than $ 65 million, has been brought to the SUI ecosystem since February, and BTC assets represent more than 10 % of the total closed value (TVL) In the SUI ecosystem. At the time of the press, cryptocurrencies of $ 1.83 billion in DEFI are based on SUI, according to the Data source Deflalama.
“Bitcoin has been designed to use it, not closed,” said Callan Sar, co -founder of Thresthold Labs. “With the presence of TBTC on SUI, we combine the security of the threshold and a highly productive network to create a new standard for Bitcoin.”
Home to Tbtc, the threshold network is a central invoking protocol that combines encryption and Blockchain to provide safe and confident access to Bitcoin Devi. As of the writing of this report, TBTC had the maximum market more than $ 570 million, with a trading of 5,265 coins, according to COININECKO data source.
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