Inside tBTC, the Bitcoin-backed ERC-20 token that could go live in March
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Quick Take
- tBTC – an Ethereum-based token backed by and pegged to Bitcoin – has entered into a code freeze and gone into audit; the team is now eyeing a v1 mainnet release in March
- According to project lead Matt Luongo, tBTC’s redemption feature will allow it to garner more interests from bitcoiners than synthetic versions of bitcoin like WBTC
- The team has plans to integrate with lending platforms like Compound immediately after launch, but low liquidity could potentially prevent tBTC from becoming a collateral option in the near future.
tBTC – an Ethereum-based token backed by and pegged to Bitcoin – is now in a code freeze and gone into audit; the team is eyeing a full release in March.
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