Bitcoin Backed Token Announced By Coinbase: BTC Holders Can Now Access DeFi Apps on Base | Bitcoinist.com – Bitcoinist

Coinbase has recently announced a new Bitcoin backed token that allows BTC holders to access decentralized finance (DeFi) applications on Base. This new development provides an opportunity for Bitcoin holders to participate in the DeFi space, which has been booming in recent years. This move by Coinbase aims to bridge the gap between Bitcoin, the largest cryptocurrency by market capitalization, and the expanding DeFi ecosystem. With this new token, Bitcoin holders can now explore and engage with various DeFi apps on Base, opening up a new realm of possibilities for the cryptocurrency community.