cbBTC is onchain.

cbBTC is an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase.

This means millions of BTC holders can now securely access DeFi apps on Base and Ethereum ecosystems—with more chains coming soon.

This is a game-changer! Finally, a secure and reliable bridge between BTC and the DeFi world on Ethereum and Base, all thanks to Coinbase's cbBTC. This should really open up new opportunities for BTC holders to get involved in the broader crypto ecosystem. Exciting times ahead!