Thursday , February 25 2021

BitGo participated in the launch of an Ethereum-based steablcoin supplied with Bitcoin

A new ERC-20 token named Wrapped Bitcoin (WBTC) was released in the blockchain Ethereum. This is a steyblecoin, which, it is claimed, is fully endowed with bitcoin.

The launch of the project was attended by companies such as Kyber Network, Republic Protocol and BitGo. In total, the WBTC has 26 partners and 15 autonomous decentralized organizations (DAO).

The WBTC Token is designed to provide greater liquidity in the Ethereum ecosystem, including decentralized exchanges and financial applications. It is expected to have many different applications – from use in payments to the creation of flexible smart contacts.

Stablebcoin WBTC uses atomic exchange technology to conduct crypto derivative transactions. For example, Ethereum users, after undergoing AML / KYC procedures, may request the WBTC from certified merchants.

Complete spiskok certified merchants and decentralized financial applications that will support the project include: Dolomite, Dharma, Idex, Radar Relay, Blockfolio, SwitcheoNetwork, BZX, Ethfinex, dy / dx, imToken, CoinGecko, AirSwap, Compound, DDEX, Hydro, Gnosis , GOPAX Loopring Protocol, MakerDAO, OmiseGO, Pricto, Ren, Set Protocol, The Ocean, Kyber Network and BitGo.

Remember, earlier this month, plans to launch their own steylcoin were announced by the exchange of Huobi cryptomedas.

Subscribe to ForkLog Newsletter Twitter!

Found an error in the text? Select it and press CTRL + ENTER

Subscribe to news Forklog

Source link