Inside tBTC, the Bitcoin-backed ERC-20 token that could go live in March

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.

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Inside tBTC, the Bitcoin-backed ERC-20 token that could go live in March written by Yilun Cheng @ https://www.theblockcrypto.com/daily/55284/inside-tbtc-the-bitcoin-backed-erc-20-token-that-could-go-live-in-march?utm_source=rss&utm_medium=rss February 14, 2020 Yilun Cheng

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