Bitcoin Backed Token YBTC Comes to Sui as Bitlayer Integrates Its BitVM Bridge to Sui Network

Bitlayer, a bitcoin Layer 2 based on the BitVM paradigm, and Sui blockchain have teamed up to make bitcoin (BTC) more useful in the Sui ecosystem.The collaboration involves Sui integrating Bitlayer’s BitVM bridge to launch Peg-BTC (YBTC), a Bitcoin-backed token, on its platform, according to an exclusive announcement shared with CoinDesk.It allows bitcoin holders to transfer their BTC into Sui via the BitVM bridge. The bridged version, Peg-BTC, can then be used within Sui’s DeFi ecosystem to earn additional yields source: https://www.coindesk.com/markets/2025/05/15/bitcoin-backed-token-ybtc-comes-to-sui-as-bitlayer-integrates-its-bitvm-bridge-to-sui-network