Source: Coindesk.com
Coinbase has introduced its version of wrapped bitcoin, cbBTC, on the Ethereum and Base networks, allowing users to use bitcoin in DeFi applications. cbBTC is supported by various DeFi services for trading, lending, and as collateral, with automatic conversion features for Coinbase users transferring bitcoin to or from these networks. This launch follows Coinbase's hint
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Source: Coindesk.com