Sui, the prominent L1 blockchain to stimulate the ownership of digital assets, has announced a new partnership with Bitlayer, a Bitcoin L2 and the Pioneer Bitcoin VM for Defi. The collaboration takes into account the integration of the BitVM bridge of Bitlayer in the Sui Ecosystem to release a Bitcoin-supported crypto-token “PEG-BTC ($ YBTC).” The platform announced this development on its official X account.
Bitcoin meets Sui Defi.@BitlayLabs brings PEG-BTC (YBTC)-a trust-Geminimized BTC-Activum powered by BitVM-Tot Living on SUI, giving Hodlers another choice to use their BTC.
With YBTC, BTC holders can use it, borrow, act and more about Sui.
BTCFI on sui… https://t.co/SDflwopgr4
– Sui (@Suinetwork) 15 May 2025
Sui integrates Bitlayer’s BitVM Bridge to release $ YBTC
As part of this collaboration, Sui integrates the BitVM bridge from Bitlayer to release PEG-BTC ($ YBTC). With the development, people with $ BTC coins can oversee them in Sui using the BITVM bridge. As a result of this integration, $ YBTC can be used within the Defi eco system of SU to get more yields.
Although it is dominant in the market as an important value of value, Bitcoin is useful when it comes to decentralized finances (Defi). However, the latest integration offers a solution for this by adding the $ BTC liquidity to the Ecosystem of Sui. $ YBTC strengthens consumers to get parallel to maintaining a non -mediated exposure to the value of Bitcoin.
Bitcoin’s participation in Defi sector with safe Defi operations
According to Sui, Bitlayer’s ZK bridge, guided by BITVM, is an advanced tool to facilitate safe and efficient $ BTC movement on various blockchain networks. In addition, the holders can generate remarkable yields through various Bitcoin installation service providers through $ YBTC. In general, this initiative is a crucial step to increase the participation of Bitcoin in the Defi world in an efficient and safe manner.
