【Market Update】Sui Bitcoin financial network Hashi will launch its mainnet in phases later this month, with over $500 million in launch funding.
After depositing $BTC , users can mint hBTC on Sui and use it as collateral in lending, vault, and other applications. When a position is closed, the hBTC is burned and the original $BTC is released, allowing institutions to put their assets to work without selling their coins. Anchorage Digital has joined as a launch partner, alongside alliance members including BitGo, Cumberland, and FalconX. The funding will support Bitcoin-backed lending, credit, and structured products.
#SUI #比特币 #DeFi
(Source: NewsBTC)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution when entering the market.
After depositing $BTC , users can mint hBTC on Sui and use it as collateral in lending, vault, and other applications. When a position is closed, the hBTC is burned and the original $BTC is released, allowing institutions to put their assets to work without selling their coins. Anchorage Digital has joined as a launch partner, alongside alliance members including BitGo, Cumberland, and FalconX. The funding will support Bitcoin-backed lending, credit, and structured products.
#SUI #比特币 #DeFi
(Source: NewsBTC)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution when entering the market.