Tag: cb

Coinbase launches cbBTC, an ERC20 token, backed 1:1 by Bitcoin in its custody cbBTC enables BTC holders to gain access to DeFi apps like Aave, Compound, and MakerDAO Over 843,783 Bitcoins back cbBTC, representing 4% of the overall Bitcoin supply Coinbase, the biggest cryptocurrency exchange in the United States, has actually formally released its brand-new tokenization item, Coinbase Wrapped Bitcoin (cbBTC), marking a considerable advancement in the tokenization of Bitcoin throughout blockchains. The recently released ERC20 token is totally backed 1:1 by Coinbase's Bitcoin holdings, enabling holders to engage with decentralized financing (DeFi) applications on Ethereum and Base. Coinbase strategies to support more chains in the future. The relea...