Coinbase Wrapped BTC
web3VerifiedCoinbase Wrapped BTC is a web3 protocol centered around the CBBTC token. cbBTC is fungible 1:1...
Stage
Growth
Funding
Undisclosed
Team
0
0.0Mission ScoreFixed 0-100 scale
About
Coinbase Wrapped BTC is a web3 protocol centered around the CBBTC token. cbBTC is fungible 1:1 with a dedicated reserve of BTC held at Coinbase. The process of minting (sending) and burning (redeeming) cbBTC ensures trust and transparency, providing a frictionless experience for users. When a user requests a withdrawal of cbBTC, Coinbase holds the corresponding amount of BTC in its custody to back the cbBTC minted.
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