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Anchorage Digital to Support Bitcoin Staking on Stacks

Guavy AI Editorial Team
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BTC STX
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Anchorage Digital is expanding its services to support Bitcoin staking on the Stacks platform. This move aims to increase institutional access to Bitcoin-yield products without altering the underlying Bitcoin protocol.

The program involves locking BTC on Bitcoin's Layer 1 and STX on Stacks for a fixed period, allowing participants to maintain custody of their assets while earning BTC-denominated yields.

According to Anchorage, this development is part of a broader initiative to enhance institutional engagement with Bitcoin through Stacks. The company views this as a step towards increasing institutional participation in the Bitcoin market.

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