PANews reported on November 29 that Bitcoin scaling solution Stacks announced that it will deploy sBTC in two phases. The first phase will support Bitcoin deposits on December 16, 2024. The second phase is expected to be launched within 6-8 weeks after the first phase, when Bitcoin withdrawals will be available. The plan is implemented by Bitcoin L2 Labs.
According to previous news, the founder of Stacks expects to launch an upgraded version of sBTC in early December.
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