tBTC
Provider 
Founded —
Sells To —
Pricing Model —
Ownership —

tBTC is a Bitcoin-backed asset issued by the Threshold Network for use in decentralised finance.
tBTC represents bitcoin on networks other than Bitcoin using a decentralised signer set rather than a single custodian, so holders can use bitcoin in on-chain applications without selling it. Deposits are backed by the underlying bitcoin and minted through a permissionless process, with redemption returning the bitcoin.
The asset is used for lending, borrowing, and trading across decentralised-finance venues, and the project also markets institutional paths for holding and deploying bitcoin. Its supply depends on the signer set maintaining the collateral backing and on the networks where it is issued.
| Attribute | tBTC | sBTC | Wrapped Bitcoin | |
|---|---|---|---|---|
| Provider | ||||
| Founded | — | 2013 | 2013 | |
| Sells To | — | Developers | Financial Institutions | |
| Pricing Model | — | — | Transaction Fees | |
| Ownership | — | Nonprofit | Public |
Provider 
Founded —
Sells To —
Pricing Model —
Ownership —
Provider 
Founded 2013
Sells To Developers
Pricing Model —
Ownership Nonprofit
Provider 
Founded 2013
Sells To Financial Institutions
Pricing Model Transaction Fees
Ownership Public


Coinbase Wrapped BTC is a Bitcoin-backed token issued by Coinbase for use on other networks.


USDT is a US-dollar-pegged stablecoin issued by Tether on multiple blockchains.


Bitcoin Staking lets holders earn a Bitcoin-denominated yield while keeping custody of their own keys.


Kraken Wrapped Bitcoin is a wrapped bitcoin token that tracks BTC value one-to-one on the Kraken platform.


tZERO Tokenized Securities Platform provides regulated infrastructure to tokenize, trade, and custody digital securities and real-world assets.
Coinbase Wrapped BTC is a Bitcoin-backed token issued by Coinbase for use on other networks.

USDT is a US-dollar-pegged stablecoin issued by Tether on multiple blockchains.

Bitcoin Staking lets holders earn a Bitcoin-denominated yield while keeping custody of their own keys.

Kraken Wrapped Bitcoin is a wrapped bitcoin token that tracks BTC value one-to-one on the Kraken platform.

tZERO Tokenized Securities Platform provides regulated infrastructure to tokenize, trade, and custody digital securities and real-world assets.
