According to TechFlow, on November 29, according to official news, the Bitcoin scaling solution Stacks announced that it will deploy sBTC in two phases. The first phase of the mainnet will be launched on December 16, 2024, and the Bitcoin deposit function will be opened. The second phase will be launched within 6-8 weeks after the first phase, and is expected to be launched in the first quarter of 2025, when the Bitcoin withdrawal function will be opened.