nilla Aprilia on Nostr: Grewal clarified that cbBTC is designed to be backed at a 1:1 ratio with Bitcoin, ...
Grewal clarified that cbBTC is designed to be backed at a 1:1 ratio with Bitcoin, ensuring that each tokenized BTC wrapper is fully supported by actual Bitcoin. This backing aims to provide users with confidence in the stability and reliability of the cbBTC service.
Published at
2024-09-23 00:33:39Event JSON
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"id": "446d6279d60f970e280a3528fcc613739f991ad6f9250ecf31f388baacabfd51",
"pubkey": "58040406c289c634dbe1954e437c4e963dcdea3d673c6817af966064388878a4",
"created_at": 1727051619,
"kind": 1,
"tags": [
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"content": "Grewal clarified that cbBTC is designed to be backed at a 1:1 ratio with Bitcoin, ensuring that each tokenized BTC wrapper is fully supported by actual Bitcoin. This backing aims to provide users with confidence in the stability and reliability of the cbBTC service.",
"sig": "c732a04d8c4c81641640e768e102cdf12f2950e0b829261745be8f0abdee0cb7db5c17554131ae544d4a6cf8c55dd5bc148fe69dbd30e2c28cb33422c5596501"
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