TBTC
tBTC
$63,181.17
1.00%
tBTC
TBTC
$63,181.17
1.00%
tBTC Price Converter
tBTC Information
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About tBTC
tBTC (TBTC) is an Ethereum-based token that mirrors Bitcoin's value, allowing Bitcoin holders to engage with the Ethereum DeFi ecosystem. Developed by Keep Network and Summa, TBTC is fully backed by Bitcoin reserves and provides additional financial utility for Bitcoin holders.
tBTC (TBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. It allows Bitcoin holders to utilise their BTC within the Ethereum ecosystem, including decentralised finance (DeFi) applications. Each TBTC token is fully backed by an equivalent amount of Bitcoin, which is held in reserve and can be redeemed at any time.
tBTC (TBTC) is primarily used to bring Bitcoin liquidity to the Ethereum blockchain. This enables Bitcoin holders to participate in the Ethereum DeFi ecosystem, including lending, borrowing, and trading on decentralised exchanges (DEXs). TBTC can also be used as collateral in various DeFi protocols, providing Bitcoin holders with additional financial utility while maintaining the value of their BTC holdings.
tBTC is an open-source project supported by groups including Keep, Summa and the Cross-Chain Group.
