Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. In brief – WBTC is an Ethereum ERC-20 token that represents Bitcoin and can be swapped on a 1:1 basis for BTC. BTC holders can use WBTC to participate in Ethereum’s decentralized finance (DeFi) ecosystem. Bitcoin is the world’s first, largest, and… Read More
Stablecoins, How to use them?
Stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price. What is a stablecoin? Stablecoins are cryptocurrencies that claim to be backed by fiat currencies—dollars, pounds, rubles, etc. The idea is that, unlike cryptocurrencies like Bitcoin, stablecoins’ prices remain steady,… Read More