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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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The encryption accomplice company Copper has added support for sBTC, enhancing access to the Bitcoin Decentralized Finance ecosystem.
Gate News bot news, focusing on digital asset custody and collateral management company Copper announces an expansion of support for Stacks (STX) and sBTC.
sBTC is an asset based on Bitcoin, located on Stacks Layer 2, pegged 1:1 with BTC, allowing Bitcoin holders to access smart contracts, DeFi, and other programmable financial use cases while maintaining a direct link to Bitcoin's value. It aims to bring Bitcoin liquidity to DeFi applications, creating new opportunities for yield, lending, and cross-chain interoperability.
This integration allows Copper's global clients to "securely store, transfer, and manage sBTC as well as their existing digital asset portfolio, further enhancing access to the Bitcoin DeFi ecosystem."
Source: Crowdfund Insider