Bitcoin L2 stack launches sBTC on Aptos network

The Bitcoin Layer-2 scaling solution stack is bringing its core product, sBTC, to the Layer-1 Aptos network.

The leading cryptocurrency will be used in decentralized applications (dApps) built on the Aptos blockchain, according to an official announcement by the Aptos Foundation, a non-profit organization that develops the Aptos network.

sBTC enters Aptos

Bitcoin by its very nature enables peer-to-peer money transfers, limiting its use. However, with the introduction of layer-2 solutions such as Stacks, cryptography can benefit other blockchain-oriented endeavors. Stacks' sBTC is a programmable 1:1 Bitcoin-backed asset that enables decentralized use of the leading crypto asset.

The latest initiative leverages the Stacks and Aptos ecosystem. For Stacks, launching sBTC on the L1 blockchain allows developers to deploy dApps using the Move programming language. On the other hand, Aptos developers and users can access the renowned security of Bitcoin and its establishment on the world's largest blockchain.

Highlighting how Stacks and Aptos will benefit from the merger, Bashar Lazar, head of ecosystem and partnerships at the Aptos Foundation:

The integration of sBTC into Aptos is an important next step for the Aptos ecosystem and the real-world utility of Bitcoin. This integration instantly makes Bitcoin more efficient than a store of value, allowing for the use of complex smart contracts and decentralized applications. It's not just about the potential of Bitcoin in theory – we're putting it into practice in a wide range of real-world environments powered by Move on Aptos and an unrivaled L1 tech stack.

The integration also allows Bitcoin holders to increase their asset utility by participating in various endeavors open to the Aptos community, such as gaming, artificial intelligence (AI), non-fungible tokens (NFTs), and DeFi.

Aptos accepts more projects

Aptos' recent move to welcome Stacks into its ecosystem demonstrates its commitment to onboarding blockchain projects that benefit users and developers alike.

Last month, leading blockchain issuer Tether announced plans to launch its USDT stablecoin on the L1 blockchain to enable ultra-low gas fees and wide accessibility. Months ago, the dWallet network brought its services to Aptos, allowing users to perform multi-chain Web3 interactions.