Bitcoin Layer2 Stacks has reached a strategic partnership with Wormhole, aiming to achieve multi-chain deployment of sBTC

ChainCatcher news, Bitcoin Layer2 Stacks and the interoperability platform Wormhole announced a strategic partnership aimed at achieving multi-chain deployment of sBTC through Wormhole's Native Token Transfer standard (NTT), unlocking Bitcoin's native liquidity and promoting cross-chain development in decentralized finance.

sBTC is a decentralized asset launched by Stacks that is 1:1 pegged to Bitcoin, allowing users to transfer BTC trustlessly between the Bitcoin network and other blockchains while maintaining it. Less than six months after its launch, the total value locked (TVL) of sBTC has surpassed $500 million, outpacing the Lightning Network and Liquid, becoming one of the largest native Bitcoin Layer2 solutions.

This collaboration will enable sBTC to achieve native liquidity circulation on mainstream blockchains such as Solana and Sui through Wormhole's cross-chain infrastructure, 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 enhance Bitcoin's application potential in cross-chain finance.