šµ Coinbase launches cbBTC, its Wrapped Bitcoin.
The ERC-20 token will be backed 1:1 by Bitcoin (BTC) held by Coinbase.
cbBTC will be supported on Base and Ethereum, with plans to expand to other blockchains.
āBy aggregating assets across more chains, wrapped assets like cbBTC help build a more efficient, interconnected and expansive financial ecosystem.ā
The ERC-20 token will be backed 1:1 by Bitcoin (BTC) held by Coinbase.
cbBTC will be supported on Base and Ethereum, with plans to expand to other blockchains.
āBy aggregating assets across more chains, wrapped assets like cbBTC help build a more efficient, interconnected and expansive financial ecosystem.ā
6 days ago
