Threshold has upgraded its tBTC bridge to entice institutions to use their Bitcoin in decentralized finance. The upgrade allows institutions to mint tBTC directly to supported chains in one BTC transaction without gas fees. Over $4.2 billion has crossed the tBTC bridge in five years. Bitcoin moving into DeFi could empower over $500 billion in institutional and whale-held Bitcoin to move into various blockchains. WBTC and renBTC are competitors, but operate on a more centralized model. tBTC could deepen liquidity in decentralized exchange pools and lending protocols while enabling sustainable yields.

Read more at Cointelegraph: Threshold Upgrades tBTC bridge for Institutional Bitcoin DeFi