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Starknet Launches strkBTC Wrapped Bitcoin Asset Today

GateNews
STRK-1.57%
BTC-0.81%

According to Starknet announcement on May 12, the network launched strkBTC, a privacy-enabled Bitcoin asset on Starknet. Users can convert BTC to strkBTC in their wallets and use the “shield” feature to hide balances and transaction records, with the ability to “unshield” and restore public balances at any time. The feature leverages Starknet’s STRK20 privacy framework, which provides protocol-level private transfers for any ERC-20 asset. Starknet emphasized that strkBTC operates as “auditable privacy,” where users share viewing keys with independent third-party auditors to enable compliance-compliant access to on-chain activity data within defined scopes.

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