Stacks sBTC issuance cap lifted!
The sBTC issuance cap has finally been lifted! This means that STX has established itself as a Bitcoin L2 that can utilize BTC without any separate restrictions.
Removing the cap symbolizes the end of a sort of beta testing period and the official opening of activities.
Additionally, from the perspective of dApps, there were direct and indirect difficulties in launching dApps, conducting aggressive marketing, and securing deposits due to the capped sBTC. The lifting of this restriction is significant! In fact, seeing the bsd founder tweeting about it indicates that developers have also been waiting for this moment.
Lastly, the removal of the cap was necessary for exchange listings. While we don't expect to see large exchanges all at once, we hope to see gradual movements from now on!
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