tBTC (tBTC)
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About TBTC
tBTC (TBTC) is a tokenized version of Bitcoin (BTC) on the Ethereum blockchain, enabling Bitcoin holders to access Ethereum's decentralized finance (DeFi) services, smart contracts, and dApps. Launched by the Keep Network, tBTC operates as a smart contract, holding an equivalent value of Bitcoin in a secure custody arrangement. Users can deposit Bitcoin and receive tBTC tokens in return, which can be used within the Ethereum ecosystem. By bridging the two largest blockchain networks, tBTC enhances interoperability, expanding the utility of both Bitcoin and Ethereum for users and developers alike. This innovative solution allows users to maintain their Bitcoin holdings while participating in DeFi, lending, borrowing, and yield farming opportunities on the Ethereum network.
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Fact Sheet
News
Tim Draper: Bitcoin Goes to Infinity Against the Dollar—$250K BTC Is Just the Start
Tim Draper envisions a future where bitcoin dominates, fiat crumbles, and people scramble to convert dollars before they become worthless, calling BTC the ultimate global currency. Tim Draper Says Fiat Is Doomed—Bitcoin to Replace the Dollar for Everything Tim Draper,…
Republican Thomas Massie Embraces Bitcoin Amid Trump Feud Over Fiscal Clashes
U.S. Representative Thomas Massie, a Republican hailing from Kentucky, has recently disclosed that he received more than $261,000 in contributions to his campaign. This week, the staunch advocate for fiscal responsibility, currently engaged in a spirited political clash with President…
US Lawmaker Plans to Introduce Bill to Permanently ‘Cement’ Trump’s National Bitcoin Reserve
Sources disclose that U.S. Representative Byron Donalds (R-FL) plans to introduce legislation on March 14, 2025, to permanently establish President Donald Trump’s Strategic Bitcoin Reserve and Digital Asset Stockpile, aiming to shield the initiative from reversal by future administrations. U.S.…
North Korea’s Lazarus Group Moves 400 ETH to Tornado Cash Following $1.5B Bybit Hack
North Korea-linked Lazarus Group transferred 400 ETH (worth $750,000) to Tornado Cash on March 12, 2025, likely laundering proceeds from the record $1.5 billion Bybit hack, blockchain researchers report. ZachXBT: Tornado Cash Demix Exposes North Korea’s $3.1M PEPE Token Purchase…
Blackrock’s BUIDL Soars 50% in 6 Days—Tokenized Fund Now Commands $1B AUM
Six days ago, on March 8, 2025, the tokenized Blackrock USD Institutional Digital Liquidity Fund (BUIDL) held $668 million in assets under management (AUM). Since then, its AUM has soared by 50.3%, eclipsing the $1 billion threshold. From $668M to…
Frequently Asked Questions about tBTC
What is tBTC (TBTC)?
tBTC is a tokenized version of Bitcoin (BTC) on the Ethereum blockchain, allowing users to utilize Bitcoin within the Ethereum ecosystem. By wrapping Bitcoin, tBTC enables access to Ethereum's smart contracts, decentralized applications (dApps), and DeFi services, expanding the utility and interoperability of both networks.
How does tBTC work?
tBTC operates as a smart contract on the Ethereum blockchain, holding an equivalent value of Bitcoin in a secure custody arrangement. Users can deposit Bitcoin and receive tBTC tokens in return, which can be used in Ethereum's DeFi ecosystem. When users want to redeem their tBTC for Bitcoin, the smart contract releases the corresponding Bitcoin from custody.
Why use tBTC?
tBTC allows Bitcoin holders to access Ethereum's DeFi services, such as lending, borrowing, and yield farming, without selling their Bitcoin. This enables users to maintain their Bitcoin holdings while participating in the Ethereum ecosystem, expanding the utility and interoperability of both networks.
How can I get tBTC?
tBTC can be earned in the Bitcoin.com Wallet or on the Verse DEX by staking Bitcoin.com's utility token, VERSE. Usually, to obtain tBTC, users deposit Bitcoin into a tBTC smart contract, which then issues an equivalent value of tBTC tokens. Users can acquire tBTC through various platforms, such as decentralized exchanges (DEXs) or specialized services like Threshold Network's tBTC Bridge.
How can I store my tBTC securely?
To store tBTC securely, use a reputable Ethereum-compatible wallet that supports ERC-20 tokens, such as Bitcoin.com Wallet, MetaMask, or a hardware wallet like Ledger or Trezor. This ensures secure storage and easy access to your tBTC tokens.
What is the difference between tBTC and wrapped Bitcoin (WBTC)?
tBTC and Wrapped Bitcoin (WBTC) are both tokenized versions of Bitcoin on the Ethereum blockchain, but they differ in their custody arrangements. tBTC uses a decentralized custody model, while WBTC relies on centralized custodians. This difference impacts security, decentralization, and trust assumptions for each tokenized Bitcoin variant.
Is tBTC a good investment?
tBTC's value is tied to the value of Bitcoin, but its utility within the Ethereum ecosystem can make it an attractive option for users seeking to access DeFi services. However, as with any investment, it's essential to do your research and consider the market's volatility before making a decision.