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 game-changer for BTC holders! Access to DeFi apps opens up so many new opportunities. Coinbase ensuring a 1:1 backing with Bitcoin adds that extra layer of trust. Excited to see how this boosts liquidity and innovation across Base and Ethereum, and beyond in the coming months.