👷🏾🛠💰 $SUI PREPARES $500M TO PUT ₿ITCOIN TO WORK❗
Sui is about to launch infrastructure that aims to solve one of Bitcoin’s biggest challenges⤵
HOW CAN BTC BE USED IN PROGRAMMABLE FINANCE WITHOUT LEAVING THE BITCOIN NETWORK?
Hashi begins its mainnet rollout this October with:
🔥 +$500 MILLION IN COMMITTED CAPITAL
and a coalition of more than 20 partners.
Here’s how it works ⤵
BTC → HASHI → hBTC ON SUI → DEFI
The deposited BTC remains protected on the Bitcoin network, while a corresponding asset, hBTC, is created on Sui to be used as collateral.
This opens the door to ⤵
loans • credit • vaults • structured products • real-world assets.
And a major institutional name has just joined:
🏦 ANCHORAGE DIGITAL
The institution will provide two access routes: qualified settlement/custody infrastructure via Atlas and institutional self-custody via Porto, as well as stablecoin liquidity.
Other participants include ⤵
BitGo, Bullish, Cumberland, FalconX, and Ledger.
But pay attention to the key figure ⤵
⚠️ $500M COMMITTED ≠ $500M ALREADY DEPOSITED
The mainnet is still being rolled out gradually, and there is no on-chain TVL of $500 million confirming that this amount has already been deployed.
And there’s more⤵
CAPITAL IN HASHI ≠ AUTOMATIC PURCHASE OF $SUI
The real test will be how much $BTC and stablecoins actually flow into the infrastructure after launch.
If it works, Sui aims to turn Bitcoin from⤵
IDLE RESERVE → PRODUCTIVE COLLATERAL
COULD $500 MILLION TURN SUI INTO A NEW BITCOIN FINANCE HUB?
#SUİ #bitcoin #DEFİ
Sui is about to launch infrastructure that aims to solve one of Bitcoin’s biggest challenges⤵
HOW CAN BTC BE USED IN PROGRAMMABLE FINANCE WITHOUT LEAVING THE BITCOIN NETWORK?
Hashi begins its mainnet rollout this October with:
🔥 +$500 MILLION IN COMMITTED CAPITAL
and a coalition of more than 20 partners.
Here’s how it works ⤵
BTC → HASHI → hBTC ON SUI → DEFI
The deposited BTC remains protected on the Bitcoin network, while a corresponding asset, hBTC, is created on Sui to be used as collateral.
This opens the door to ⤵
loans • credit • vaults • structured products • real-world assets.
And a major institutional name has just joined:
🏦 ANCHORAGE DIGITAL
The institution will provide two access routes: qualified settlement/custody infrastructure via Atlas and institutional self-custody via Porto, as well as stablecoin liquidity.
Other participants include ⤵
BitGo, Bullish, Cumberland, FalconX, and Ledger.
But pay attention to the key figure ⤵
⚠️ $500M COMMITTED ≠ $500M ALREADY DEPOSITED
The mainnet is still being rolled out gradually, and there is no on-chain TVL of $500 million confirming that this amount has already been deployed.
And there’s more⤵
CAPITAL IN HASHI ≠ AUTOMATIC PURCHASE OF $SUI
The real test will be how much $BTC and stablecoins actually flow into the infrastructure after launch.
If it works, Sui aims to turn Bitcoin from⤵
IDLE RESERVE → PRODUCTIVE COLLATERAL
COULD $500 MILLION TURN SUI INTO A NEW BITCOIN FINANCE HUB?
#SUİ #bitcoin #DEFİ