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Stacks partners with Bifrost to enable sBTC as collateral for BTCFi services
2024-03-14 15:20
According to official news from Odaily, the Bifrost Foundation announced a cooperation with Stacks. The Stacks network is expected to be upgraded this year to enable sBTC, a non-custodial asset anchored 1:1 with Bitcoin. sBTC will serve as collateral for BTCFi services and support BtcUSD is used in the Stacks ecosystem (BtcUSD is an over-collateralized stablecoin that Bifrost plans to launch the native Bitcoin staking service BTCFi).
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