About tBTC (tBTC)
tBTC is a Bitcoin-backed token pegged to the price of bitcoin. It allows holders to use bitcoin on the Ethereum blockchain and access the decentralized finance (DeFi) ecosystem. A user can obtain tBTC by depositing BTC into a specific wallet through the tBTC Decentralized App (dapp) within the Bitcoin blockchain. With tBTC, the custody method is a decentralized pool of custodians who each have to supply a good behavior collateral bond in Ether.
Learn more about tBTC on Cryptopedia:
Browse other cryptos
The pricing data and asset description above are for general informational purposes only and are not investment advice. Buying, selling, and trading cryptocurrency involves risks. You should consult with your own appropriately qualified and licensed advisors before engaging in any transaction on Gemini. Some data is provided by Messari, a third party that is not affiliated with Gemini.