Sui Integrates Bitcoin DeFi Through sBTC and Stacks Support

Sui is bolstering its push into institutional-grade Bitcoin decentralized finance (BTCfi) by incorporating sBTC, a Bitcoin-backed asset developed on the Stacks network. This integration will empower Bitcoin holders to engage with DeFi services through Sui’s high-performance blockchain infrastructure without relying on centralized custodians. 2nd May saw the Sui Foundation announce this integration, solidifying their commitment to decentralization and scalability. Mysten Labs co-founder Adeniyi Abiodun highlighted that this partnership can facilitate the evolution of Bitcoin from a passive asset into an active force within a flourishing DeFi ecosystem.