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Sui’s Hashi Testnet Goes Live: A Direct Strike at Bitcoin’s $1.4 Trillion Market

July 24, 202608:30 AM
Sui’s Hashi Testnet Goes Live: A Direct Strike at Bitcoin’s $1.4 Trillion Market

The Sui Foundation and Mysten Labs have officially launched the Hashi testnet, a groundbreaking Bitcoin-collateral protocol. This technology enables onchain loans backed by BTC without requiring assets to leave the Bitcoin network, effectively creating a bridge-less ecosystem for liquidity.

By targeting a slice of Bitcoin’s massive $1.4 trillion market, Hashi aims to solve the inherent security risks associated with traditional crypto bridges. This development signals a major shift in how Bitcoin liquidity interacts with DeFi, positioning Sui as a primary hub for Bitcoin-backed financial services.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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