A Bitcoin-Backed Stablecoin Has Launched on the Ethereum Blockchain54.6

Wrapped BTC (WBTC), an ERC-20 ethereum token collateralized 1-to-1 with bitcoin, is officially live, with about $250,000 worth in circulation.

Original source
https://www.coindesk.com/a-bitcoin-backed-stablecoin-has-launched-on-the-ethereum-blockchain

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