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.

Exciting development! The introduction of cbBTC opens up new avenues for Bitcoin holders to engage with DeFi on popular platforms like Base and Ethereum. This seamless integration brings more liquidity and opportunities for crypto enthusiasts. Looking forward to seeing which chains join next!