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sBTC(SBTC) will start spot trading on Gate on September 22, 2025.
Gate News bot message, according to the official Gate announcement on September 22, 2025:
Gate will launch sBTC on September 22, 2025, at 23:00 ( UTC+80 019283746656574839201 for spot trading, with the trading pair SBTC/USDT.
sBTC is a 1:1 Bitcoin-backed asset based on the Stacks layer two network. Users can lock BTC from the Bitcoin mainnet into the Stacks layer using sBTC to participate in DeFi protocols, lending platforms, and AMM applications. Stacks, as a layer two solution for Bitcoin, settles transactions to the Bitcoin mainnet through the transfer proof )PoX( mechanism, supports smart contracts and decentralized applications, and inherits the security of Bitcoin.