Sky Lend Announces WBTC Exit: New cbBTC from Coinbase to Take Its Place

TL;DR Sky proposes to withdraw WBTC from its loans and collateral due to risks associated with BitGo’s custody of the asset. The recent redistribution of BitGo’s multi-sig keys to third parties has raised concerns about the security of the underlying BTC. The proposal coincides with the launch of Coinbase’s cbBTC, which could replace WBTC in ... source: https://crypto-economy.com/sky-lend-announces-wbtc-exit-new-cbbtc-from-coinbase-to-take-its-place/