I’m creating this post to work as a central place for more information on xBTC. Intro A short intro taken from Coinbase’s website in case you don’t know what xBTC is about: Wrapped Bitcoin on Stacks (xBTC) is a 1:1 equivalent of BTC on the Stacks network. Wrapped.com lets investors use their digi…

@masonic Here is a Clarity contract (+web app) that let users convert xBTC to sBTC in a trustless way: GitHub - friedger/clarity-xbtc-sbtc It “just” requires wrapping the backing btc to sbtc and sending it to the contract. Users can then convert to sbtc at their convenience. xBTC is then stuck in …

Alternatively, we can adapt the contract and find an sbtc whale who places some sbtc into the contract in exchange for xbtc, then the whale can unwrap xbtc. What are the next steps?

Thank you very much for the help @friedger ! Like he showed, @masonic , a technical solution should be straightforward in Stacks and the path to solve the xBTC problem the correct way is clearly layed-out. All we need now is the commitment of the project owners and we should have a very positive solut…

You are a gift to this community! Thank you for spending your time on this issue! Hoping it gets resolved soon for all of us.

Looking for a whale holding 37.5 sBTC and then swap it for xBTC and convert to BTC via the custodian and wrap back to sBTC. [image] Token - SP3DX…0R2PR.Wrapped-Bitcoin Explore blocks, transactions, accounts, and smart contracts on the Stacks blockchain with real-time data. …

Can we change the title to “The State of xBTC”? Sounds nicer

Essentially what happens … let’s say the sBTC TVL is 1BTC. and the xBTC is 1BTC. Now the sBTC TVL would be 2BTC, the xBTC would be 0 BTC. However, there is now a 1:1 pegged one-way swap from xBTC to sBTC and you can just keep that onchain in perpetuity.

Can you also just push the custodial BTC from xBTC to sBTC. Then do a pegged 1:1 swap from xBTC to sBTC?

You can definitely do it. All you have to do is peg in the btc via the sbtc bridge. I’m sure for a big sum the sBTC team/someone on the foundation would be happy to help make sure all is done in a safe way or point out in the right direction, but it should be a straightforward operation. To avoid t…

If that is the way to go, then happy to update the swapping contract

The (worrying) state of xBTC

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masonic April 2, 2026, 7:16pm 25

Lets continue the conversation here.