WBTC Wrapped BTC

Acerca de Wrapped BTC

WBTC (Wrapped Bitcoin) is an ERC20 token linked to Bitcoin. It will be officially launched at 5:00 pm on January 30th, US Pacific time (9 am on January 31st, Beijing time). WBTC was jointly launched by blockchain projects such as BitGo, Kyber Network, and Ren (formerly known as Republic Protocol). The token is issued on Ethereum to achieve a 1:1 peg to Bitcoin. All WBTC issued will be backed by Bitcoin, meaning each Bitcoin stored by the custodian corresponds to the total number of WBTC issued, and can be verified on the chain. Only with the approval of the merchant can the custodian mint WBTC, and when the holder converts WBTC into Bitcoin, the WBTC will be destroyed.

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