Bitcoin Layer-2 solution Stacks has partnered with interoperability protocol Wormhole to enable cross-chain deployment of synthetic Bitcoin (sBTC), advancing Bitcoin’s scalability and functionality.
This collaboration will utilize Stacks’ Layer2 protocol – which extends Bitcoin’s capabilities by enabling smart contracts and faster transactions – alongside Wormhole’s cross-chain ecosystem. The integration expands sBTC’s accessibility beyond Bitcoin-native environments, allowing seamless movement across multiple blockchain networks.
The initiative specifically aims to boost sBTC’s utility in decentralized finance applications through Wormhole’s interoperability layer, while leveraging Stacks’ scalability improvements for Bitcoin-based transactions. By establishing a multi-chain framework for sBTC, the partnership intends to accelerate adoption of synthetic Bitcoin assets across various blockchain ecosystems.