Bitcoin is the world’s most recognized and valuable cryptocurrency. But while BTC is secure and decentralized, it has always been limited in terms of usability in fast-growing blockchain ecosystems like TON. That changes with cbBTC — Coinbase’s wrapped version of Bitcoin, now available on TON.
| Let’s explore what cbBTC is, how it works, and what it enables for both Bitcoin holders and the TON community. |
What is cbBTC?
💡 cbBTC is Bitcoin represented on the TON blockchain.
Every cbBTC is backed 1:1 with real Bitcoin and issued by Coinbase. This means that each cbBTC in circulation corresponds to the same amount of BTC held in custody, ensuring a fully backed and transparent representation of Bitcoin on TON.
✅ Always equal in value to Bitcoin
✅ Backed 1:1 by BTC
✅ Issued by Coinbase
With cbBTC, the world’s largest cryptocurrency can now flow into TON DeFi without compromise.
How it works
cbBTC is an ERC-20 token issued by Coinbase and backed 1:1 by Bitcoin. On TON, cbBTC is available as a wrapped asset that enables Bitcoin to be used within TON ecosystem.
Minting: BTC is deposited with Coinbase → cbBTC is issued 1:1
Redeeming: cbBTC is redeemed → BTC is released 1:1
This mechanism ensures cbBTC maintains a 1:1 peg to BTC at all times, combining the security of Bitcoin with the flexibility of smart contracts and DeFi applications on TON.
By bringing cbBTC to TON, users can access Bitcoin’s value while benefiting from the speed and low transaction costs of the TON blockchain.
What you can do with cbBTC
Once you hold cbBTC on TON, the possibilities expand:
Hold safely
Keep cbBTC on TON with full 1:1 backing by Bitcoin.
Provide liquidity & get rewards
Add cbBTC to liquidity pools on STON.fi to get rewards.
Swap with ease
Swap cbBTC with TON, USDt, and other assets quickly and efficiently.
Use in DeFi
Access lending, combined strategies, and other TON-based DeFi applications.
Why cbBTC matters
For Bitcoin holders, cbBTC is a gateway into TON DeFi without giving up BTC exposure. You maintain a 1:1 backed position in Bitcoin while unlocking opportunities to swap, provide liquidity, and participate in TON’s expanding ecosystem.
For TON users, cbBTC brings the liquidity and credibility of Bitcoin directly into the network, supporting deeper markets, stronger liquidity pools, and broader adoption.
Getting cbBTC and ETH on STON.fi
STON.fi makes it simple to start using Bitcoin and Ethereum on TON.
You can get cbBTC and wETH (wrapped Ethereum) instantly by swapping TON, USDt, and other assets directly on STON.fi.
Final thoughts
cbBTC is a bridge between Bitcoin and TON. Backed 1:1 and issued by Coinbase, cbBTC empowers BTC holders to join the next generation of decentralized finance on TON.
Now, with both Bitcoin (cbBTC) and Ethereum (wETH) available on STON.fi, accessing the two largest crypto assets inside TON ecosystem has never been easier.
| Read also: xStocks: explore tokenized market |
