Coinbase’s cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper. Related posts: Coinbase launches ‘cbBTC’ wrapped Bitcoin digital asset Coinbase’s cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024 Coinbase cbBTC token may revolutionize Bitcoin DeFi adoption CME to launch bite-sized Bitcoin ‘Friday’ futures in bid for retail
