Xverse launches Bitcoin joint venture pledge service, supporting self managed STX and sBTC

The Bitcoin wallet Xverse has launched a joint venture Bitcoin staking service, where users can pair sBTC and STX tokens to participate in the Stacks PoX-5 lock up cycle. During the staking period, Bitcoin remains on the Bitcoin mainnet and is controlled by users themselves, without the need for cross chain or encapsulation. This feature requires upgrading the wallet to Xverse v2.9 version. The registration deadline is September 9th or the quota is used up early. The staking reward is expected to be issued from September 10th, Bitcoin block 966350, and the corresponding Stacks 143rd cycle. UTXO (a subsidiary of Nakamoto Inc.), HashKey Cloud, and 21shares have joined as anchor participants. Xverse has managed approximately 152 million STX non custodial pledges.