Coinbase launches cbBTC, Bitcoin tokenized wrapper backed 1:1 with Bitcoin, providing flexibility for users

From Cointelegraph.

September 22, 2024 3:33:08 pm:

Coinbase has launched cbBTC, a Bitcoin tokenized wrapper that is backed 1:1 with Bitcoin. This means for every cbBTC token, there is an equivalent amount of Bitcoin in backing. This new offering provides more flexibility for users by allowing them to trade Bitcoin on Ethereum-based platforms.

Read more at Cointelegraph: Coinbase chief legal officer responds to cbBTC service terms fears