Stop panicking about Wrapped Bitcoin — Mint Coinbase’s cbBTC instead
Concerns about WBTC’s planned custody shakeup are overblown. For added safety, cbBTC is the best alternative.
Auto Added by WPeMatico
Concerns about WBTC’s planned custody shakeup are overblown. For added safety, cbBTC is the best alternative.
WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.
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 […]
