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About Huobi BTC
Huobi BTC (HBTC) is an ERC-20 token launched by Huobi Global (now HTX) that provides a 1:1 tokenized version of Bitcoin. Deployed primarily on the Ethereum network and the Huobi ECO Chain (HECO), HBTC aims to promote the growth of the decentralized marketplace by injecting Bitcoin's liquidity into the decentralized finance (DeFi) ecosystem. Each HBTC token is fully backed by Bitcoin reserves at a strict 1:1 peg, allowing users to leverage the value of BTC within smart contracts and decentralized applications while maintaining price exposure to the underlying asset.
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Cross-chain Bridge
Cross-chain engine and interchain communication protocol