The owners of the token Maker approved the proposal to add Bitcoin Wrapped (WBTC) ― the Ethereum token provided by bitcoin 1:1 ― as a new type of security for your credit record.
According to the message in a blog, WBTC will be the fourth type of collateral to the Maker (along with ETH, USDC and BAT) when creating stablon DAI. Stablon USDC was added in mid-March.
“Adding WBTC means that the holders of bitcoins can now convert your BTC to WBTC (to transfer the bitcoin blockchain of Ethereum), and then use it to generate a DAI”, ― stated in the message.
WBTC was launched in late January of last year, and, according to current data, the market capitalization of the token is just under $10 million.