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BitGo integrates Stacks, bringing Bitcoin DeFi to institutions -Breaking

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© Reuters.

BitGo is offering rewards to institutional token holders through its Stacks token. This token is also called STX. STX token holders will be able to earn BTC rewards through a process called Stacking.

Stacking’s BTC reward is not based upon a lending auction. STX token holders don’t need to loan their funds, unlike other yield-earning platforms. Rather, Stacks asserts that the yield comes directly from the staking system, which is linked to the Bitcoin blockchain.