| General information | |
|---|---|
| Global rank: | 1883 |
| Name: |
tBTC |
| Symbol: | TBTC |
| Current coin price (IMP): | 49 595.38 IMP |
| Last hour: | arrow_downward-0.490 % |
| Last 24 hours: | arrow_downward-2.56 % |
| Last 7 days: | -4.60 %trending_down |
| Capitalisation (IMP): | 694 335.33 IMP |
| Volume 24h (IMP): | 1 519.73 IMP |
| Available supply: | 14.00 TBTC |
| Total coin supply: | -1 TBTC |
| Start date: | 2020-05-15 |
tBTC/Manx pound (TBTC/IMP) price chart
tBTC/Manx pound (TBTC/IMP) capitalisation and volume charts
tBTC is a fully Bitcoin-backed ERC-20 token that’s trustlessly backed by and redeemable for Bitcoin (BTC). In other words, it’s a way for users to deposit their Bitcoin and mint Bitcoin tokens on Ethereum without a middleman or KYC.
tBTC makes it possible for Bitcoin holders to tap into Ethereum’s growing list of decentralized finance (DeFi) DApps. For example, smart contract developers could integrate tBTC into their DApps as collateral. Thus, enabling Bitcoin holders to be able to borrow against their BTC. Or, even something as simple as Bitcoin can now be trustlessly listed on decentralized exchanges (DEXes).
tBTC is an open-source project supported by groups including Keep, Summa and the Cross-Chain Group.