Wrapped Bitcoin (WBTC)

Wrapped Bitcoin (WBTC) is an ERC20 token backed 1:1 with Bitcoin, held in custody by the BitGo custodian.

WBTC is available for trading on rhino.fi against ETH and USDt.

This community-driven token aims to standardise Bitcoin to the ERC20 format. The proof of reserve is on-chain, which shows the exact 1:1 ratio between minted WBTC tokens and Bitcoin stored by the BitGo custodian. WBTC token-holders can directly redeem WBTC for the underlying BTC collateral by on-boarding directly with BitGo.

Developed by the teams behind Kyber Network, Bitgo and Republic Protocol, WBTC is a Bitcoin-backed ERC20 token on Ethereum, with the goal of bringing BTC liquidity to Ethereum-based DEXs and Dapps. The WBTC framework is controlled and governed by the WBTC DAO, which consists of participating merchants, custodians and other relevant organisations. Learn more about WBTC.

For more information, including the total amount of circulating WBTC tokens, reserves and recent minting & burning transactions, see the Wrapped Bitcoin website
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