1 week ago

cbBTC Arrives on Monad Through Chainlink CCIP, Opening New DeFi Use Cases

TLDR Chainlink enabled the transfer of Coinbase’s cbBTC to Monad through its CCIP system. The integration opened new access to Bitcoin-backed liquidity for developers building on the Monad Foundation network. Early adopters such as Curvance and Neverland prepared markets built around cbBTC on Monad. Coinbase confirmed that cbBTC remains backed 1:1 by Bitcoin held in [...]

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Source: Blockonomi →