What is WBTC
Wrapped Bitcoin (WBTC) is Bitcoin that can be transacted across the Ethereum blockchain. Users can “Wrap” their Bitcoin using a specialized cryptocurrency wallet that turns Bitcoin into an ERC-20 token. The tokenized Bitcoin (WBTC) can then be transferred across the Ethereum network, allowing users to make payments within the Ethereum network, use Bitcoin for smart contracts, store Bitcoin in Ethereum wallets, or use their Bitcoin for Ethereum-based apps.