Crypto
cbBTC Brings Bitcoin-Backed Assets to Robinhood Chain via Chainlink
Coinbase's cbBTC token is expanding to Robinhood Chain through Chainlink's Cross-Chain Interoperability Protocol (CCIP).
The integration will allow applications on Robinhood Chain to access Coinbase's Bitcoin-backed token, which can be used in onchain financial products such as lending markets, liquidity pools, vaults, and derivatives.
According to Chainlink, more than $7.5 billion worth of cbBTC is currently in circulation.