According to official news, on May 27, Justin Sun, global consultant of Huobi HTX and founder of TRON, detailed the unique value of WBTC at the "Bitcoin 2025" symposium. He believes that WBTC is a key entry point for Bitcoin to enter the smart contract platform. "Through WBTC, investors can use Bitcoin for DeFi applications and on-chain payments on blockchains such as Ethereum, TRON, Solana, etc., which will greatly enhance the liquidity of Bitcoin. In addition, WBTC uses a proof-of-reserve system. All transactions and reserve addresses are made public on the blockchain and stored in cold wallets to ensure security and transparency."
Sun also pointed out that traditional financial products are migrating to the blockchain, and more on-chain financial products will be seen in the future, unleashing huge arbitrage and profit potential. He stressed that WBTC is just the first step in introducing Bitcoin to the blockchain and will continue to promote this process.
Justin Sun Appears in Bitcoin 2025: WBTC Launches the Era of Bitcoin Smart Contracts
2025-05-28 04:05:07
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