BitGo Integration Brings Institutional Bitcoin to Stacks’ DeFi Landscape

Stacks, a platform built for Bitcoin Layer-2 applications, has been attracting institutional interest thanks to its ability to enable smart contracts backed by Bitcoin. A recent partnership between Stacks and crypto custodian BitGo has amplified this by integrating their sBTC, a Bitcoin-backed token, into the DeFi ecosystem. This move is expected to significantly increase institutional participation in Bitcoin’s decentralized finance space, potentially leading to increased liquidity and price growth for both Bitcoin and related DeFi projects.