The cryptocurrency landscape is poised for significant developments with the upcoming launch of sBTC, a decentralized Bitcoin peg by Stacks. Stacks founder Muneeb Ali has indicated that the launch is scheduled for early December 2024. This new token aims to provide a trustless system for decentralized finance (DeFi) applications, contrasting with existing centralized wrapped Bitcoin tokens. The initiative is part of a broader movement within the crypto community to enhance Bitcoin's usability on various blockchains, such as Solana, while maintaining decentralization. Meanwhile, Zeus Network is also working on a decentralized approach to facilitate Bitcoin's use on the Solana blockchain, further emphasizing the ongoing trend towards decentralization in the cryptocurrency space.