Hedera Foundation has teamed up with BitGo and LayerZero to drop WBTC onto the scene-like inviting Bitcoin to a fancy DeFi party and hoping it doesn’t eat all the snacks. 🎉
BitGo, BiT Global, and LayerZero.
Wrapped Bitcoin-basically Bitcoin wearing a DeFi-friendly costume-has arrived on Hedera just in time to satisfy everyone craving institutional-grade toys. Because apparently Bitcoin was feeling left out. 😌
WBTC, which is backed 1:1 by real-deal BTC, lets Bitcoin holders finally join the DeFi playground: lending, trading, liquidity… basically everything except ordering a latte. This token has already helped pump the DeFi market on Bitcoin’s home turf to over $9.6 billion in total value locked. 💸
WBTC on Hedera
Hedera (HBAR) is aiming to make the most of this integration-supported by BitGo, BiT Global, and LayerZero-to boost its Bitcoin DeFi (or BTCfi, for people who like their acronyms sharp). 🚀
LayerZero is doing the heavy lifting with its cross-chain infrastructure, while Stargate Finance and SaucerSwap tag along like proud parents. Launching canonical WBTC on Hedera is meant to stop all that sad, idle Bitcoin liquidity from sitting in the corner at parties.
James Hodgkins, chief growth officer at HBAR, Inc., went full dramatic in his statement:
“Thanks to the institutional-grade benefits of Hedera, BTC holders can participate in BTCFi without the fear of frontrunning or MEV, in turn enabling a best-in-class experience for these large capital allocators. This milestone is an attestation to Hedera’s DeFi evolution – and that the world’s most trusted Bitcoin standard recognizes the strength and growth potential of the network.”
WBTC is rocking a market cap of nearly $13 billion, with more than 126,000 BTC sitting in custody like extremely well-behaved digital pets. 🐕🦺
It owns a whopping 65% of all tokenized Bitcoin on the Ethereum network. Now, with Hedera in the mix, users get a fresh new way to flex their institutional-grade Bitcoin sophistication. 💁♀️
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2025-11-14 02:36