The below Wrapped Bitcoin price chart tracks the price of Wrapped Bitcoin against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
✓Proof of reserve system
Wrapped Bitcoin is a Bitcoin-backed stablecoin. WBTC is powerful because it integrates bitcoin into the Ethereum ecosystem. Along with bringing more liquidity to DeFi, WBTC gives users BTC exposure while taking advantage of Ethereum’s dApps, smart contracts, and wallets.
Specifically, WBTC is an ERC-20 token on the Ethereum blockchain that is backed 1:1 with bitcoin. Through a WBTC partner and ‘proof of reserve’ system, 1 Wrapped Bitcoin can always be redeemed for 1 regular bitcoin. WBTC was launched in January 2019 in a collaboration between BitGo, Kyber network, and Ren.
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Quickly compare the past seven days’ price movements of Wrapped Bitcoin with other cryptocurrencies.