Quick TaketBTC is a fully backed ERC-20 token pegged to the price of bitcoin. The BTC held on the Bitcoin blockchain is backed by a 150% ETH overcollateralization on the Ethereum chainAfter an initial launch in May 2020, a bug that was discovered pushed the release of the protocol to last monthThere are 632 tBTC minted (~$7.2 million), and tBTC currently makes up 0.43% of the BTC supply on the Ethereum blockchain
