Wrapped BTC WBTC

1 · Decentralized Finance · Ethereum Ecosystem · Wrapped Tokens

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WBTC is a Bitcoin-pegged wrapped token issued by BitGo. It is used as collateral in lending markets, for liquidity provision in decentralized exchanges, and as a bridge asset for cross-chain transfers across multiple blockchains. The token maintains 1:1 backing with Bitcoin through a custodial model where merchants deposit BTC with BitGo to mint WBTC, with all reserves verifiable on-chain through transparent proof-of-reserve mechanisms.