Stretched thin? Wrapped Bitcoin assets may encourage supply crisis

Stretched thin? Wrapped Bitcoin assets may encourage supply crisis

WBTC, BTCB, and other wrapped Bitcoin implementations may contribute to a BTC supply shortage looming on the horizon In a blog post of Friday, Binance re-introduced BTCB to the world — a wrapped Bitcoin asset intended to bring liquidity from the world's largest cryptocurrency, BTC, to Binance Smart Chain's DeFi (decentralized finance) ecosystem. However, hodlers may be cheering the renewed interest in BTCB for a different reason: each Bitcoin locked on BSC may contribute to a looming BTC supply crisis. First announced last year, Binance initially saw wrapped Bitcoin solely as a vehicle for....


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