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sBTC

sBTC

SBTC
$0.1003Up 0.00 percent($0.00)

Key Stats

Market Cap$249.86Up 0.00 percent
Fully Diluted Value$249.86
Total Supply2.49K SBTC
Max Supply∞
Circulating Supply2.49K SBTC
Launch Date2024-12-13
Built OnSTX
Smart Contract AddressSM3VDX…oken
Decimal Places8

sBTC Information

Websites
www.stacks.coWhitepaper
Industries
Wrapped Collateral
Parent Asset
BTC

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
sBTCSTXSM3VDXK3WZZSA84XXFKAFAF15NNZX32CTSG82JFQ4.sbtc-token2024-12-13

About sBTC

sBTC (SBTC) is a Bitcoin-backed asset on Stacks that represents BTC at a 1:1 ratio. BTC is locked in a Bitcoin peg wallet managed by a signer network, while corresponding sBTC is issued on Stacks. Users can transfer sBTC, use it in smart contract applications and redeem it for BTC. Its supply changes as BTC is deposited or withdrawn, linking circulating sBTC to the BTC held by the peg system. sBTC was developed within the Stacks ecosystem, with contributions from Stacks Core Engineering and other ecosystem developers.

Frequently Asked Questions

sBTC is a Bitcoin-backed asset on Stacks that represents BTC at a 1:1 ratio. It allows Bitcoin to be used in smart contracts and applications on Stacks while the corresponding BTC remains locked on the Bitcoin network.

When a user deposits BTC, the deposit is confirmed on Bitcoin and processed by the sBTC signer network. The deposited BTC is added to a Bitcoin peg wallet and an equivalent amount of sBTC is minted to the user's Stacks address. The peg wallet is controlled collectively by the sBTC signers rather than by a single custodian.

The process also works in reverse. A user requesting a withdrawal burns sBTC on Stacks and specifies a Bitcoin address. The signers then approve a Bitcoin transaction that releases the corresponding BTC from the peg wallet.

sBTC launched on Stacks mainnet with Bitcoin deposits in December 2024, with withdrawals added in April 2025. The system uses a threshold signer set to manage the BTC backing and approve deposit and withdrawal operations.

sBTC is used to bring BTC-backed value into applications running on Stacks. It allows smart contracts written in Clarity to interact with an asset backed by Bitcoin without requiring BTC itself to operate as a smart contract token on the Bitcoin base layer.

Users can transfer sBTC on Stacks or use it in applications such as decentralised exchanges, lending markets and liquidity protocols. Developers can also build applications that accept, transfer or redeem sBTC.

The supply of sBTC is linked to BTC held by the peg system. Depositing BTC creates corresponding sBTC, while redeeming sBTC for BTC removes the redeemed sBTC from circulation. This mechanism is designed to maintain 1:1 backing between sBTC and BTC held by the system.

sBTC was developed within the Stacks ecosystem as part of work to extend Bitcoin functionality through the Stacks layer. Its design was publicly introduced in 2022 as a two-way peg mechanism between Bitcoin and Stacks.

Development has involved Stacks Core Engineering contributors and other developers working across the Stacks ecosystem. The protocol is not attributed to a single creator.

Muneeb Ali, a co-creator of Stacks, was involved in presenting the original sBTC proposal, while the design and implementation of sBTC have involved multiple contributors and organisations within the Stacks ecosystem.