Wrapped Bitcoin (WBTC)
Definition of what Wrapped Bitcoin (WBTC) stands for (in finance):
A tokenized version of Bitcoin that operates on the Ethereum blockchain, allowing BTC holders to participate in decentralized finance (DeFi) applications.
More Term Definitions
- Algorithmic Banking/Algo Banking Definition
- Wallet Definition
- Electronic Venture (e-Venture) Definition
- Mutual Distributed Ledger (MDL) Definition
- Committee On Uniform Securities Identification Procedures (CUSIP) Definition
