Sky reevaluates plan to offboard WBTC following discussion with BitGo CEO
BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun’s involvement in the custody of the Wrapped Bitcoin token […]
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BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun’s involvement in the custody of the Wrapped Bitcoin token […]
The integration comes as other Bitcoin wrappers face scrutiny for custody practices.
Stablecoin issuer Circle is moving forward with its public offering debut and plans to shift its headquarters to Wall Street in 2025.
The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform.
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
BitGo’s USDS stablecoin will challenge major issuers like Circle and Tether, aiming to distribute up to 98% of earnings to network supporters.
The US custodian’s crypto-native clients include Worldcoin, ZetaChain, and LayerZero.
The team behind Sky, formerly Maker, wants to drop WBTC due to what it claimed were recent changes in ownership and control “likely involving Justin […]
The move diversifies spot crypto ETF custodians beyond Coinbase, which has dominated crypto custody for US issuers.
Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
