Coinbase has introduced cbBTC, a token that brings Bitcoin to the Solana blockchain. This move could be significant for the platform’s DeFi ecosystem, as it could create a new gold standard, giving Solana-based merchants access to Bitcoin. Unlike previous Bitcoin tokens, cbBTC is created directly on the Solana blockchain, reducing transaction risks.
Coinbase has issued over $10 million worth of cbBTC tokens, which are now available on platforms like Meteora, Orca, and Kamino.
