BitGo lance le Wrapped Bitcoin (wBTC) and Ether (wETH) on the blockchain Tron

BitGo announced the launch of “Wrapped Bitcoin” (wBTC) and “Wrapped Ether” (wETH) on the Tron blockchain. This is a way for Justin Sun’s project to continue integrating the DeFi sector.

Wrapped Bitcoin and Ether land on Tron

The Tron Foundation announced the news in a press release yesterday . The Wrapped Bitcoin (WBTC) and Wrapped Ether (Weth) are launched as TRC-20, which are the equivalents of ERC-20 for blockchain Tron. BitGo customers have already started producing (“ mint“ ) wBTC and wETH on the Tron blockchain.

Join the DeFi sector

The maneuver is of course used to create a bridge between the DeFi sector , which uses “Wrapped” tokens a lot, and the Tron blockchain. The wBTCs represent a considerable weight for decentralized finance: they are the first asset in the sector in terms of capitalization, according to data from DeFiMarketCap . Today, they weigh 3.6 billion dollars and allow the use of Bitcoin with various DeFi protocols.

Tron’s ambition was confirmed by Justin Sun, the creator of the project:

“This is the start of a new era where the growing TRON community can finally begin to appreciate the unlimited potential of DeFi . „

Sun also recalled that Tron has its own DeFi services, such as JustLink and JustSwap . BitGo CTO Chen Fang also praised this development:

„We are proud to contribute to the growth of the ecosystem through case unique uses and far in exploring. „