Coinbase Wrapped BTC (cbBTC) product
Overview
Coinbase Wrapped BTC (cbBTC) is an ERC-20 token on Ethereum representing Bitcoin, issued by Coinbase. It is backed 1:1 by Bitcoin held in custody by Coinbase, enabling Bitcoin holders to interact with Ethereum-based decentralized applications and DeFi protocols.
Within the DeFi Intel graph, Coinbase Wrapped BTC (cbBTC) connects to 5 tracked entities, most strongly to Coinbase, Ethereum, Solana.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Coinbase | 95% |
deployed_on | Ethereum | 85% |
deployed_on | Solana | 85% |
deployed_on | Base | 85% |
integrates | Hashnote US Yield Coin (USYC) | 85% |
Frequently asked questions
What is Coinbase Wrapped BTC (cbBTC)?
Coinbase Wrapped BTC (cbBTC) is an ERC-20 token on Ethereum representing Bitcoin, issued by Coinbase. It is backed 1:1 by Bitcoin held in custody by Coinbase.
What chains is cbBTC deployed on?
cbBTC is deployed on Ethereum, Base, and Solana.
What does cbBTC integrate with?
cbBTC integrates with Hashnote US Yield Coin (USYC).