Why Nostr? What is Njump?
2024-11-08 04:06:13
in reply to

cointelegraph.com11 on Nostr: Coinbase has issued a new token, cbBTC, which is backed 1:1 with Bitcoin and allows ...


Coinbase has issued a new token, cbBTC, which is backed 1:1 with Bitcoin and allows users to utilize Bitcoin in Solana's decentralized finance (DeFi) ecosystem. The token is available on several Solana-based decentralized exchanges and DeFi protocols. This move is seen as a way to expand the adoption of Bitcoin in DeFi and fill a gap left by a previous Solana-based wrapped Bitcoin asset that failed.

#HassanAhmed #Singapore #mainstream #technology

The deployment will allow users to utilize Bitcoin in Solana’s burgeoning DeFi ecosystem, according to Coinbase.
https://cointelegraph.com/news/coinbase-wrapped-bitcoin-launches-on-solana

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