Threshold Network launches tBTC on the Sui blockchain

Threshold Network launches tBTC on the $Sui blockchain. tBTC is an ERC-20 token backed 1:1 by Bitcoin, designed to enhance BTCFi in the $Sui ecosystem. This integration allows users to mint tBTC directly on $Sui, potentially adding over $500 million of Bitcoin liquidity to the $Sui network. Currently, BTC-backed assets account for over 10% of the total value locked in the $Sui ecosystem. (CoinDesk) [Odaily Planet Daily]