The (worrying) state of xBTC

[masonic]

Lets continue the conversation here.

xBTC → sBTC Migration: Next Steps + 15 Day Window to Swap

When we launched xBTC, we needed a community willing to bet on something that had never been done before: Bitcoin, natively represented on a programmable layer, 1:1 backed, with a regulated custodian. Bridges at the time were non-performant and carried many security risks. We’re lucky to have been able to launch such a product with the Stacks community. After the successful launch of sBTC, we’ve been working on a migration plan to get all of the xBTC converted to sBTC. So far we’ve handled a ma…