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WBTC Strengthens Its Role As Multichain Standard For Bitcoin in DeFi
Manage episode 509384879 series 3474370
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This story was originally published on HackerNoon at: https://hackernoon.com/wbtc-strengthens-its-role-as-multichain-standard-for-bitcoin-in-defi.
This expansion is part of an effort to improve cross-chain functionality and support broader usage of Bitcoin within the DeFi ecosystem.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #wbtc, #chainwire, #press-release, #is-wbtc-same-as-btc, #blockchain-development, #crypto-exchange, #good-company, and more.
This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.
WBTC is the tokenized version of Bitcoin used in Decentralized Finance (DeFi) WBTC enables Bitcoin holders to access decentralized applications with a fully custodied, verifiable 1:1 token. WBTC represents approximately USD 14.5 billion in market capitalization.
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