tBTC Bridges Bitcoin and Ethereum, Expanding DeFi Opportunities

tBTC is a tokenized version of Bitcoin on the Ethereum blockchain, allowing holders to access DeFi services and smart contracts. Launched by the Keep Network, tBTC operates as a smart contract, holding an equivalent value of Bitcoin in a secure custody arrangement.

Users can deposit Bitcoin and receive tBTC tokens, which can be used within the Ethereum ecosystem. This solution enhances interoperability between the two largest blockchain networks, expanding the utility of both Bitcoin and Ethereum for users and developers.