The post Coinbase Wrapped BTC Product Reaches $1B Market Cap appeared first on Coinpedia Fintech News
Amidst the surges in Solana’s price and a boom in the Defi sector, the Coinbase Wrapped BTC (cbBTC) product, which was recently launched on the Solana blockchain, has hit the $1 billion market capitalization milestone. The cbBTC is an SPL token backed 1:1 by Bitcoin (BTC) and held in custody by the exchange. cbBTC joins …
