Tokensoft and Anchorage create xBTC on Stacks 2.0 blockchain
“Tokensoft's integration will create the foundation for native Bitcoin DeFi and the evolution of decentralized application security and cross-chain compatibility. The addition of BTC to Stacks 2.0 will help expand the Bitcoin ecosystem and expand Bitcoin as a reserve cryptocurrency. xBTC may be the first of many Wrapped Assets in Stacks 2.0, and I look forward to seeing the creative solutions of the DeFi community. ”- Munib Ali, Stacks Co-Founder and CEO of Hiro PBC.
| Since the Stacks 2.0 blockchain uses Bitcoin to secure its own network, the integration will provide Tokensoft users with the security of Bitcoin to conduct smart contract transactions on the world's most secure blockchain. Using Bitcoin as a pricing layer gives developers in the broader crypto ecosystem the ability to create smart contracts and applications in Bitcoin. A predictable, secure, and interoperable smart contract language, Clarity, will be used to extend the functionality of wrapped assets and create a powerful new ecosystem for native Bitcoin DeFi.