STX Surges 40% as BitGo Integration Opens Floodgates for Institutional Bitcoin Builders
Stacks (STX) just smoked the crypto market with a blistering 40% weekly rally—and the smart money says BitGo’s new custody support is just the beginning.
The institutional domino effect: By adding STX to its enterprise-grade custody platform, BitGo effectively gives Wall Street’s risk-averse money managers permission to play with Bitcoin’s most promising Layer 2. Suddenly, those ’digital gold’ maximalists look about as cutting-edge as a fax machine.
Why this matters: Stacks brings smart contracts to Bitcoin without messy forks or vaporware promises. Now institutions can earn yield on BTC they’d otherwise let collect dust in cold storage—assuming they can navigate the compliance paperwork thick enough to choke a stablecoin issuer.
The bottom line: When the suits start stacking STX, retail traders should pay attention. Just don’t expect the suits to admit they’re copying your trades.
Ecosystem liquidity improving
Liquidity in the Stacks-based decentralized finance ecosystem is improving, the protocol announced on X early Friday, pointing to an over 400% surge in the stablecoin supply in the first quarter, the third-largest behind Morph and Cronos.
The total stablecoin supply in the ecosystem was nearly $7 million, up from around $1 million in early January, according to data source DefiLlama.
