The integration comes due to growing institutional demand for Bitcoin, according to Stacks’ ecosystem investor lead.
Digital asset service provider BitGo has launched support for the Stacks blockchain to enhance Bitcoin functionality, the latest sign of institutional adoption for Bitcoin-native decentralized finance.
BitGo’s integration of Bitcoin layer-2 (L2) network Stacks will enable the platform’s users to earn Bitcoin (BTC) rewards through “stacking,” a process that allows Stacks (STX) holders to generate native BTC yield directly in their wallet, without having to lend or expose the assets to additional risks.
The new partnership highlights Bitcoin’s continued institutional adoption, according to Kyle Ellicott, the ecosystem investor lead at Stacks. He wrote:
