Coinbase launches cbBTC, which will run on Ethereum mainnet and Base

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ODAILY
09-12
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Odaily Odaily News: Coinbase officially launched its wrapped Bitcoin version, Coinbase Wrapped BTC (cbBTC). The token runs on the Ethereum network and is backed by 1:1 Bitcoin. It is designed to allow traders to use Bitcoin on Ethereum, mainly for DeFi. Coinbase said that cbBTC will run on the Ethereum mainnet and its own L2 network Base, connecting deep off-chain Bitcoin liquidity with low-cost, high-speed financial tracks on Base and Ethereum for the first time.

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