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DmitrySP
@dmitriy138
🔗 Threshold Eyes $36M Token Boost Threshold and BitGo Collaboration: Threshold Network proposes a merger with Wrapped Bitcoin (WBTC), aiming to make BitGo the largest holder of its T token. The plan involves transferring WBTC’s minting and burning controls to BitGo, securing the $9B asset's stability and protecting DeFi protocols. Threshold connects Bitcoin to DeFi via its tBTC and the cross-chain Wormhole protocol, which supports around 20 blockchains. Crypto Industry's Concerns: This proposal follows criticism of BitGo's joint venture with Justin Sun's BiT Global, causing concern among crypto users about WBTC’s future. MakerDAO voted to disable WBTC borrowing, while Aave is monitoring the situation, reflecting widespread industry skepticism.
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