About Wrapped BTC
Wrapped Bitcoin (WBTC) is an ERC-20 token on the Ethereum blockchain, fully backed 1:1 by Bitcoin. Launched in January 2019 through a collaboration between BitGo, Kyber Network, and Ren, WBTC was designed to bridge Bitcoin's liquidity with Ethereum's decentralized finance (DeFi) ecosystem. By converting Bitcoin into WBTC, holders can engage in various DeFi activities such as lending, borrowing, and trading on Ethereum-based platforms, thereby enhancing the utility of their Bitcoin holdings. (coindesk.com)






