Bitlayer and Sui implement trust-minimized BitVM Bridge
Bitlayer and Sui integrate the BitVM Bridge to launch Peg-BTC (YBTC), a Bitcoin-backed asset enabling trust-minimized BTC transfers into Sui.
medium.com/@Bitlayer
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Bitlayer and Sui Achieve BTCFi Milestone with First Trust-Minimized BitVM Bridge Implementation
The new Bitcoin-backed asset will bring BTC into the Sui ecosystem through BitVM Bridge, a trust-minimized bridge powered by Bitlayer and underpinned by the advanced BitVM smart contract framework.
With trillions dollars in market capitalization and accelerating institutional adoption, Bitcoin is poised to become a cornerstone of cross-chain DeFi innovation. With Peg-BTC (YBTC) soon to go live, Sui will offer another leading option for Bitcoin holders to increase the utility of their BTC beyond a store of value.