WBTC Strengthens Its Role As Multichain Standard For Bitcoin in DeFi

Web3 Tech Brief By HackerNoon

This story was originally published on HackerNoon at: https://hackernoon.com/wbtc-strengthens-its-role-as-multichain-standard-for-bitcoin-in-defi.
This expansion is part of an effort to improve cross-chain functionality and support broader usage of Bitcoin within the DeFi ecosystem.
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WBTC is the tokenized version of Bitcoin used in Decentralized Finance (DeFi) WBTC enables Bitcoin holders to access decentralized applications with a fully custodied, verifiable 1:1 token. WBTC represents approximately USD 14.5 billion in market capitalization.