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 significant step forward for decentralized finance! Converting Bitcoin holders into active participants in the DeFi space can unlock unprecedented liquidity and innovation. Eager to see how this integration with Base and Ethereum evolves, and excited for the upcoming chain expansions!