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Wednesday

23 June 2021

Over 1% of Bitcoin Now Lives as WBTC on Ethereum | Crypto Briefing

Over 1% of Bitcoin Now Lives as WBTC on Ethereum | Crypto Briefing


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It was one of the first projects to issue ERC-20 tokens that are 1:1 pegged to Bitcoin.

For every WBTC that exists on Ethereum, there is a Bitcoin that is held by a custodian, which is Bitgo.

Besides WBTC, two others projects have found significant adoption by tokenizing Bitcoin.

Oher tokenized Bitcoin projects that have a smaller circulation on Ethereum include sBTC, imBTC, tBTC, oBTC, pBTC, and vBTC.

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