Research
Log In
Pro
Interoperability

The tether-ization of wBTC

Jul 23, 2020 ⋅  6 min read

The amount of tokenized bitcoin on Ethereum has grown 16x this year surpassing $150 million locked. Similar to how tether has come to dominate the stablecoin landscape, the leading player WBTC is another custodial synthetic asset. This is because the market seems to signal a preference towards utility over ideology with trusted models winning over their trustless counterparts.

Upgrade to Messari Pro to read this report

Pro Subscription
$75.00/ month, billed annually

Annually

Professional-grade Research Reports covering the latest trends and assets in the crypto space

Fundraising Screener to track trends across 14,000+ crypto funding rounds, 500+ M&A Deals, and 10,000+ investors

Unlocked Enterprise Research Reports 90 days after they are published

Full access to advanced asset screening with custom filters, queries, and metrics

Real-time Governance Tracker covering proposals from their initial stages through votes and implementation

Advanced AI Digests with all of the features in Lite plus Key Developments for major protocol changes

Upgrade to Pro

Already a member? Sign In

Mentioned in this report