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sBTC
sBTC

Stacks› offers sBTC

ProductOperating Status: Currently Offered

sBTC is a Bitcoin-backed asset on Stacks that lets holders use Bitcoin in on-chain applications.

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Overview

sBTC is a programmable asset on the Stacks network that is backed one-to-one by Bitcoin. Deposits are secured by a decentralised set of signers, so holders can move Bitcoin value into on-chain applications without selling their bitcoin. The asset is designed to let Bitcoin be used for lending, trading, and other decentralised-finance activity.

Holders deposit Bitcoin to mint sBTC and redeem it back to Bitcoin on withdrawal, with wallets such as Xverse and Leather supporting the flow. Custody and infrastructure providers have added support for the asset, extending it to institutional participants. Its availability depends on the network's signer set maintaining consensus.

sBTC - Classification

Technology
  • Crypto
Tags
  • Blockchain

More from Stacks

  • Bitcoin Staking logo

    Bitcoin Staking

sBTC - Direct Competitors

  • BitGo

    BitGo logo

    Wrapped Bitcoin

    bitgo.com

AttributesBTCWrapped Bitcoin
ProviderStacksstacks.co93.9M raised · Series BBitGobitgo.com384.3M raised · Public
Founded20132013
Sells ToDevelopersFinancial Institutions
Pricing Model—Transaction Fees
OwnershipNonprofitPublic
sBTC

Provider Stacksstacks.co93.9M raised · Series B

Founded 2013

Sells To Developers

Pricing Model —

Ownership Nonprofit

Wrapped Bitcoin

Provider BitGobitgo.com384.3M raised · Public

Founded 2013

Sells To Financial Institutions

Pricing Model Transaction Fees

Ownership Public

sBTC - Similar Products & Services

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    sUSDS

    sky.money