sBTC Withdrawals Now Live on Bitcoin Mainnet via Stacks, Permissionless Conversion to BTC; Deposits Reopening Soon

The sBTC project has reached a key milestone with the launch of live withdrawals on the Bitcoin mainnet, allowing users to convert sBTC tokens back into native Bitcoin (BTC). This development follows the completion of final live test transactions and signals the reopening of withdrawals starting April 30, 2025. The process is permissionless, reducing trust assumptions and enhancing confidence in the sBTC system and the Stacks protocol. Further details regarding the reopening of deposits and the next cap will be announced later this week. The ability to seamlessly bridge sBTC to BTC directly on the Bitcoin network represents an important advancement in trust-minimized Bitcoin bridging technology. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant