PANews reported on December 12 that Bitcoin scaling solution Stacks once again hinted that the Bitcoin deposit function will be opened next week. Stacks said on the X platform: "Next week, Stacks' sBTC will unleash Bitcoin's trillion-dollar market potential. Users can receive BTC rewards through the sBTC reward program. In the initial stage, a deposit cap of 1,000 BTC will be set for controlled testing, and the cap will be gradually increased over time."

Earlier news , Stacks announced that it will deploy sBTC in two phases. The first phase will support the Bitcoin deposit function on December 16, 2024; the second phase is expected to be launched within 6-8 weeks after the first phase, when the Bitcoin withdrawal function will be opened.