On July 8th, tBTC is now live on Sui, further promoting the prosperity and development of BTCFi in the Sui ecosystem. The team behind tBTC is Threshold Network, a protocol designed to empower Bitcoin in DeFi while retaining Bitcoin's minimum trust security model.

Through this collaboration, users can directly mint tBTC on the Sui network and efficiently utilize Bitcoin capital through DeFi protocols that support instant settlement and ultra-low fees. tBTC will be fully available on Sui, supporting scenarios such as trading, lending, collateralization, and yield strategies. This integration will initially activate Bitcoin liquidity in four Sui native protocols: Bluefin, Bucket, AlphaLend, and AlphaFi.

It is reported that this collaboration will make Sui the first non-EVM public chain to support direct minting of tBTC in Threshold applications, thereby improving accessibility and further consolidating its position as the preferred platform for Bitcoin liquidity. The Sui ecosystem BTCFi continues to develop. Since February, nearly 600 BTC have been bridged into Sui, and BTC-backed assets have accounted for more than 10% of Sui's total value locked (TVL). [Deep Wave TechFlow]

tBTC Launches on Sui to Further Promote the Prosperity and Development of BTCFi in the Sui Ecosystem