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TechFlow news, November 8 — According to an official announcement, Coinbase has launched its cbBTC on Solana.
Solana-based cbBTC is an SPL token fully backed 1:1 by Bitcoin (BTC) held in custody by Coinbase. This marks Coinbase's first token issuance on the Solana network. Several major dApps including Jupiter, Kamino, Phoenix, and Drift already support cbBTC.
According to official announcements, Coinbase has launched its cbBTC on Solana. The cbBTC on the Solana network is an SPL token backed 1:1 by Bitcoin (BTC) held in custody by Coinbase, marking Coinbase's first token issuance on Solana. Several major dApps, including Jupiter, Kamino, Phoenix, and Drift, now support cbBTC.
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