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AnetaBTC Successfully Minted cBTC on Cardano Blockchain

Cointime Official

AnetaBTC, an open-source on-chain, decentralized protocol that allows Bitcoin to be directly wrapped on the Ergo and Cardano blockchains, announced they have successfully minted cBTC on Cardano.

Transaction address can be found at: https://preprod.cardanoscan.io/address/00e6955f71bc712b7dda498566399f9024106f85057497c56ee4d5a30778b1d07ebc205ae146d2d306612c7f33efaa7430c4acecdca28c6d81

CBTC, an asset on Cardano representing BTC, functions similarly to wBTC on Ethereum but without relying on a central custodian. Wrapped assets serve to connect liquidity across different ecosystems, and the introduction of wrapped BTC on Cardano could potentially unlock liquidity from the $432 billion BTC market.

Source: https://twitter.com/anetaBTC/status/1627687555763240960
Cardano
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