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BitGo Integrates Stacks L2 and Supports sBTC Post Nakamoto Upgrade Amid Institutional Demand

Altszn.com by Altszn.com
July 19, 2024
in Blockchain, Crypto, DeFi, Web3
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BitGo Integrates Stacks L2 and Supports sBTC Post Nakamoto Upgrade Amid Institutional Demand
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BitGo Integrates Stacks L2 and Supports sBTC Post Nakamoto Upgrade Amid Institutional Demand

BitGo has announced its integration with the Stacks L2 platform and support for sBTC, following growing institutional demand for Bitcoin-related services

BitGo has announced its integration with the Stacks L2 platform and support for sBTC, following growing institutional demand for Bitcoin-related services.

BitGo, known for its role as a signer behind WBTC on Ethereum, will now enable custody and stacking for Stacks and support sBTC post the Nakamoto upgrade. This integration enhances Bitcoin functionality by offering delegate and solo stacking capabilities.

Additionally, the integration with Scroll, an EVM-compatible Layer 2 solution for Ethereum, has been highlighted. Scroll boasts over $1 billion in bridged TVL and aims to provide scalable and secure transactions.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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Tags: BitGoDeFiDemandInstitutionalIntegratesNakamotoPostsBTCStackssupportsUpgrade
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