cbBTC, Coinbase’s wrapped Bitcoin, has officially launched on the Solana network.
This marks the first SPL-standard token issued by Coinbase on Solana, capable of representing both fungible and non-fungible assets (NFTs).
cbBTC will enhance BTC accessibility for the Solana user community, opening up opportunities to use Bitcoin in DeFi transactions, whether on decentralized exchanges (DEX) or within lending protocols.