Bitcoin Backed Token Announced By Coinbase: BTC Holders Can Now Access DeFi Apps on Base | TheSpuzz
Source: Bitcoinist Bitcoin has surged over 5% since Wednesday, but volatility and uncertainty have clouded the past few weeks. However, a significant announcement from Coinbase is bringing fresh optimism for BTC holders eager to explore DeFi opportunities. As of yesterday, Coinbase launched Coinbase Wrapped BTC (cbBTC), an ERC20 token backed 1:1 by Bitcoin (BTC) held…