Coinbase’s cbBTC launches seeking DeFi boom on Base and Ethereum

Coinbase has officially launched its wrapped Bitcoin token, cbBTC, on its layer-2 network, Base, and Ethereum mainnet, according to a Sept. 12 statement. The new product comes around a month after Coinbase teased it on the social media platform X. cbBTC According to Coinbase, cbBTC is an ERC-20 token fully backed by Bitcoin and custodied […] source: https://cryptoslate.com/coinbases-cbbtc-launches-seeking-defi-boom-on-base-and-ethereum/