Browsing: Function

DeFi & Web3

What Is FBTC Crypto: Bitcoin vs Function (FBTC) – What’s the Difference?

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FBTC allows Bitcoin (BTC▲$62,630.00) holders to utilize their BTC in decentralized finance without having to sell the underlying asset. The token was created by Function (previously Ignition) as a Bitcoin-backed token for cross-chain liquidity, smart contracts, and yield strategies. FBTC tokens are meant to always be backed 1:1 by BTC, which is native to the…