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 really exciting development! cbBTC opens up a whole new realm of possibilities for BTC holders by seamlessly integrating them with DeFi ecosystems on Base and Ethereum. Looking forward to seeing how this bridges the gap between traditional and decentralized finance!