Threshold Network Brings tBTC to Sui Blockchain
The Threshold Network has launched tBTC on the Sui blockchain, creating new opportunities for Bitcoin in decentralized finance. This integration provides access to more than $500 million in Bitcoin liquidity within Sui’s high-performance ecosystem.
Enhanced User Opportunities
With tBTC now available on Sui, users can trade, lend, and participate in advanced financial strategies. Sui’s network offers near-zero fees and transactions that finalize in less than a second, making it ideal for these activities.
Key Benefits of tBTC on Sui
- Sui becomes the first non-EVM chain supporting direct tBTC minting through the Threshold app
- Users gain access to Bitcoin liquidity across multiple Sui-based DeFi platforms including Bluefin, Bucket, AlphaLend and AlphaFi
- Wormhole’s cross-chain technology enables smooth transfer of tBTC between different blockchain ecosystems
Future Development Plans
Threshold and Sui are collaborating on a three-month adoption campaign featuring developer support and ecosystem initiatives. This effort aims to establish tBTC as a standard for Bitcoin in modern decentralized applications.
