Wrapped Bitcoin (WBTC)

An ERC-20 token on the Ethereum blockchain that represents Bitcoin 1:1, allowing BTC to be used in Ethereum's DeFi ecosystem. Each WBTC token is backed by one BTC held in reserve by custodians. WBTC enables Bitcoin holders to participate in decentralized finance applications (like lending, trading, yield farming) on Ethereum by "wrapping" their BTC. The total WBTC in circulation reflects Bitcoin that has been moved onto Ethereum. The balance of bitcoin held as WBTC is also tracked on BitcoinTreasuries.NET.