Threshold Network Launches Gasless, Multi-Chain tBTC Minting
Threshold Network has launched an upgraded protocol and app enabling direct, gasless tBTC minting and redemption between Bitcoin mainnet and multiple chains—Ethereum, Arbitrum, Base, Polygon, Sui and Starknet—in a single BTC transaction. The new interface features a Use tBTC directory, a Vaults dashboard for integrated yield strategies, and a unified My Activity log. Users only need to deposit BTC to a single-use address; tBTC arrives on the chosen chain without gas costs, secondary approvals or L1 bridging. Aimed at both institutional and retail traders, this streamlined process maintains full self-custody while facilitating seamless DeFi integration. With institutional Bitcoin holdings surpassing $414 billion, Threshold Network positions tBTC as a trust-minimized bridge for corporate treasuries and funds to deploy BTC liquidity across DeFi markets.
Bullish
The launch of gasless tBTC minting on multiple chains enhances Bitcoin’s utility in DeFi, likely driving higher demand for tBTC and BTC liquidity. In the short term, traders may respond positively to reduced friction and cost savings. Over the long term, seamless cross-chain access and institutional adoption can bolster onchain Bitcoin activity and token demand, supporting a bullish market outlook.