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New Bitcoin-Backed Stablecoin Goes Live on the Ethereum Blockchain

New Bitcoin-Backed Stablecoin Goes Live on the Ethereum Blockchain | CoinSpeaker

A new Bitcoin-backed stablecoin called Wrapped Bitcoin (WBTC) has been launched on the Ethereum network and will offer cross-chain trading options. In 2018, the entire community was discussing the benefits of stablecoins. Startups were actively launching their U.S. dollar-backed digital assets, deeply believing that the support of the fiat currency will help them to overcome the volatility of the market.