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improved bridge to channel $500 billion of institutional btc to defi… 🚀 Threshold’s tBTC bridge now allowing institutions to issue tBTC
problem: Limited accessibility of institutional BTC in DeFi due to inefficiencies in cross-chain transactions.
insight: Threshold’s upgraded tBTC bridge stream
Crypto platform Threshold has upgraded its tBTC bridge to allow institutions to issue tBTC directly on supported chains in a single Bitcoin transaction, aiming to encourage Bitcoin to work in DeFi. This move enables institutions to access DeFi opportunities with their BTC assets. The upgrade ensures each tBTC is backed 1:1 by Bitcoin, allowing over $500 billion in institutional Bitcoin to move to various blockchains for DeFi. Threshold’s tBTC bridge has facilitated over $4.2 billion in cumulative volume since its launch.
Improved Bridge to Channel $500 Billion of Institutional BTC to DeFi – TradingView News
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