Ethereum

Bitcoin

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.

Big day for Coinbase! Bringing BTC to Ethereum, backed by the trust of Coinbase, is a huge win.

BTC is an ideal form of collateral in DeFi, but only so much as you trust the custodian. I would feel much more comfortable in the cbBTC wrapped asset than its alternative. 

Welcome to the cb- fam, cbBTC! 🚀