Cardano launches Wrapped Bitcoin on its testnet

Cardano (ADA) has today launched its version of Wrapped Bitcoin token cBTC on the Cardano testnet. The project’s development team aims to attract Bitcoin (BTC) users to the nascent Cardano decentralized finance (DeFi) ecosystem. The cBTC will run on Cardano’s anetaBTC protocol that aims at attracting Bitcoin liquidity to the Cardano ecosystem.