Bitcoin Holders Can Get Access to Mobile-Based DeFi on Celo
insidebitcoins.com
The Celo blockchain platform which is designed for financial applications is now creating a bridge to Bitcoin using its ERC-20 token tBTC. tBTC is an ERC20 token pegged to Bitcoin that allows holders to become a part of decentralized finance solutions of the Ethereum blockchain.
Celo also wants its Bitcoin holders to use the token on its platform. cLabs CTO Marek Olszewski said, “We selected tBTC as the safe way to establish a bridge between BTC holders and the Celo community.
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