- Starknet’s Asset Runes enable Bitcoin users to access USDC and Ethereum-based tokens while staying on the Bitcoin network.
- The system uses a reserve-backed model with a decentralized bridge, ensuring redeemability and reducing reliance on third parties.
- Plans include wrapped Bitcoin staking and broader access to DeFi tools such as lending and yield farming.
Starknet has launched a new feature called Asset Runes that allows users on the Bitcoin network to access stablecoins like USD Coin (USDC). The announcement was made on May 27 through Starknet’s official X account. Asset Runes aim to bring Ethereum-based and real-world assets directly to Bitcoin, while preserving Bitcoin’s core principles.
Each Asset Rune is backed by full reserves, allowing users to redeem them on a one-to-one basis. USDC is the first asset available through the system. Starknet also confirmed that support for other major assets such as Tether (USDT) and Ethereum (ETH) will be added in the near future.
The bridge connects Bitcoin and Starknet
The system operates through a trust-minimized bridge between Bitcoin and Starknet. This bridge is secured by contributors, including Xverse and UTXO Management. Thanks to this bridge, people can send and trade crypto tokens without having to depend on a central intermediary.
Asset Runes allow Bitcoin users to try out decentralized finance apps that were restricted to Ethereum up to now. The bridge enables two-way communication, allowing Bitcoin holders to engage with Ethereum-like functions while staying on the Bitcoin network.
Broader Bitcoin integration on Starknet
This development adds to Starknet’s ongoing involvement in expanding Bitcoin’s capabilities. On May 14, Starknet partnered with Lombard Finance to onboard LBTC, a liquid staking token for Bitcoin. That partnership marked an earlier step toward improving DeFi access for Bitcoin users.
In addition to Asset Runes, Starknet unveiled a proof-of-concept called Broly. This feature allows Bitcoin inscriptions to be triggered from Starknet wallets. The move creates new possibilities for Bitcoin-native technology and further bridges the gap between networks.
Looking ahead, Starknet plans to launch Bitcoin staking in the third quarter of 2025. This feature will let users stake wrapped Bitcoin and earn STRK rewards. The addition of staking aims to unlock new financial tools such as lending and yield farming for Bitcoin holders.
