$STX price rose more than 5% in a short time, Stacks will launch the DecentralizationBTC token sBTC in December

Gate News: According to The Block, Muneeb Ali, co-founder of Stacks, recently stated that the Stacks network is expected to launch the sBTC Token in December and further upgrade it in January. As an innovative solution, sBTC solves the 'write-in problem' of BTC through the dual-link design of Decentralization, making BTC usable for Decentralization applications. It is expected to become an alternative to wBTC and cbBTC, more in line with the Decentralization spirit of BTC.

According to Gate.io data, the price of $STX has pumped 11.54% in the past 24 hours, with the current price at $1.92, a market capitalization of $2.76 billion, and a 24-hour volume of $20.78 million.