WBTC Strengthens Its Role As Multichain Standard For Bitcoin in DeFi

This story was originally published on HackerNoon at: https://hackernoon.com/wbtc-strengthens-its-role-as-multichain-standard-for-bitcoin-in-defi . This expansion is part of an effort to improve cross-chain functionality and support broader usage of Bitcoin within the DeFi ecosystem. Check more stories related to web3 at: https://hackernoon.com/c/web3 . You can also check exclusive content about #web3 , #wbtc , #chainwire , #press-release , #is-wbtc-same-as-btc , #blockchain-development , #crypto-exchange , #good-company , and more. This story was written by: @chainwire . Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com . WBTC is the tokenized version of Bitcoin used in Decentralized Finance (DeFi) WBTC enables Bitcoin holders to access decentralized applications with a fully custodied, verifiable 1:1 token. WBTC represents approximately USD 14.5 billion in market capitalization.