Gate has rescheduled the listing of sBTC, a Bitcoin-backed asset, to enable DeFi and smart contract use on the Stacks Layer 2 network, with new trading starting on September 23, 2025.
Gate has announced that it will list sBTC (SBTC) for spot trading starting on September 23, 2025, at 03:00 UTC, rescheduling from the previously planned September 22 date. sBTC, a decentralized, 1:1 Bitcoin-backed asset, allows Bitcoin to be pegged into the Stacks Layer 2 network. It can be used for decentralized finance (DeFi), lending platforms, and Automated Market Makers. Stacks offers Bitcoin’s security through Proof of Transfer (PoX) while enabling scalable smart contracts and decentralized applications (dApps) that interact with Bitcoin natively.