PANews December 12 news, the Bitcoin scaling solution Stacks has once again announced that it will open Bitcoin deposit functionality next week. Stacks stated on platform X: "Next week, Stacks' sBTC will unleash the trillion-dollar market potential of Bitcoin. Users can earn BTC rewards through the sBTC reward program. Initially, a deposit limit of 1,000 BTC will be set for controlled testing, and this limit will gradually increase over time."
According to previous news, Stacks announced that it will deploy sBTC in two phases. The first phase will support Bitcoin deposit functionality on December 16, 2024; the second phase is expected to be launched 6-8 weeks after the first phase, at which point Bitcoin withdrawal functionality will be opened.
