The Stacks sBTC page of Bitcoin Layers is under development.

We have not yet implemented our proof-of-reserves and therefore cannot assure you that wrappers are fully backed, 1:1, with BTC. Please use caution interacting with these wrapped BTC assets. Additionally, there may be incomplete or outdated research.

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Stacks sBTC

Overview

Status

Mainnet

Type

Reserve

BTC Supply

₿0

Stacks sBTC is a BTC-backed reserve asset that is native to the Stacks blockchain. BTC backing sBTC is secured by an 10/14 federation.

Assessment

Asset Custody

Users trust a federation of 14 signers with securing BTC that backs sBTC

Stacks sBTC implements a federation of 14 publicly known signers to secure the BTC backing sBTC. These signers are publicly known institutions.

Withdrawals are not currently enabled for sBTC. If withdrawals are not activated, users will not be able to redeem BTC for sBTC.

Users can find the sBTC signer set here.

Further sections to be reviewed

Aspects related to minting & burning, key management, transaction signing, and proof-of-reserves have not been reviewed. We are currently reviewing these sections.