Chainlink Powers CBTC on Canton, Unlocking Verified 1:1 BTC Collateral
Key Takeaways:CBTC Goes Live With Onchain Reserve VerificationLow-Latency BTC Pricing Now Embedded Into CBTCWhy Real-Time Pricing Is CriticalExpanding Institutional Bitcoin Utility on Canton
Under the condition of Proof of reserve and Data Streams running, CBTC can be accommodated in an entire galaxy of Canton -native applications. Lending protocols, swap pools, and structured product platforms can now adopt CBTC as verifiable BTC-backed collateral under a unified data standard.
DeFi developers on Canton such as options protocol Thetanuts Finance and the decentralized exchange Kairo are set to draw CBTC in through joint pricing and reserve verification. The effect of standardization reduces ad interferon.
BitSafe continues to drive itself as a fundamental infra player in the Canton scene. Combining Bitcoin support and solid oracle support will help CBTC to make the move beyond a mere wrapped asset and become a data-verified collateral layer, designed to serve institutional crypto markets.
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