DeFi utility and adoption
BitRss says cbBTC's use in lending and liquidity pools, together with cross-chain portability, lets Bitcoin holders use BTC in DeFi without selling it.
CoinStats says cbBTC's dependence on Coinbase for custody and redemptions creates a single point of failure, with bridge and smart-contract risks.
Coinbase Wrapped Bitcoin Climbs as DeFi Traders Seek Options - BitRss - Crypto World NewsCoinbase Wrapped BTC (cbBTC) investment analysis - CoinStats