cbBTC on Base

What is cbBTC?

Coinbase Wrapped BTC (cbBTC) is an ERC-20 token on Base that represents Bitcoin, issued by Coinbase. Each cbBTC is backed 1:1 by Bitcoin (BTC) held in custody by Coinbase. Launched in September 2024, cbBTC allows Bitcoin holders to utilize their assets on the low-cost, high-speed Base network for holding, trading, and integration into decentralized finance (DeFi) protocols. For details, visit Coinbase.

Why use cbBTC in Mo?

• Transparent Fees: Mo charges a flat 0.1% fee on trades in Mo Trade with no hidden spreads. Bank money in is free; bank money out is 1%.
• Free Transfers: Send cbBTC globally to any Mo user for free. Mo-to-Mo sends have zero transaction fees.
• Near-Instant Settlement: Moving cbBTC on the Base network settles in seconds, providing a fast and reliable alternative to traditional banking rails.
• Smart Wallet Control: Hold your assets securely in your Mo smart wallet, retaining full custody and access at all times.

On Base

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