TRON Founder Blasts Coinbase’s Wrapped Bitcoin Product cbBTC as ‘Central Bank Bitcoin’, Brian Armstrong Responds

Coinbase recently introduced cbBTC, a wrapped version of Bitcoin designed to integrate with decentralized finance (DeFi) applications on Ethereum and Base networks. This new product aims to expand Bitcoin’s utility beyond simple holding or trading, allowing users to participate in various DeFi activities without converting their Bitcoin to other cryptocurrencies. cbBTC is backed 1:1 by