While Wrapped Tokens Enhance Utility of Leading Cryptos, XYZVerse Redefines What Meme Coins Do

OKX Unveils XBTC Following Bitcoin’s Surge To Record $111K High » News.ng

Global cryptocurrency exchange OKX has announced the launch of xBTC, a wrapped Bitcoin asset, along with yield-generating products tied to it. This move comes just as Bitcoin surpassed a historic milestone, reaching an all-time high of over $111,000. xBTC is a tokenised version of Bitcoin that maintains a 1:1 peg with the original cryptocurrency. According to OKX’s official release, users can begin depositing and withdrawing xBTC starting May 22…

While Wrapped Tokens Enhance Utility of Leading Cryptos, XYZVerse Redefines What Meme Coins Do

The post While Wrapped Tokens Enhance Utility of Leading Cryptos, XYZVerse Redefines What Meme Coins Do appeared on BitcoinEthereumNews.com. Wrapped tokens like xBTC can play a crucial role in bridging legacy cryptos with the modern Web3 stack. For years, Bitcoin has held its ground as the most trusted digital asset—secure, decentralized, and scarce. But its role in the broader Web3 movement has always been limited. With no native support for sm…

In strategic alliance with Aptos, OKX presents the token xBTC, a wrapped version of Bitcoin designed to bring the main cryptocurrency to the DeFi ecosystem of that Blockchain network. *** Aptos enables direct use of BTC in its DeFi ecosystem in alliance with OKX. The Aptos ecosystem already exceeds $1 billion in TVL. OKX launches campaign with Echo, Aries and Hyperion to boost adoption. OKX, a renowned technology company Blockchain and operator …

OKX Unveils xBTC: Multi-Chain Wrapped Bitcoin Brings DeFi to Aptos and Beyond - The Cryptocurrency Post

TL;DR DeFi Revolution: OKX has launched xBTC, a fully collateralized, Bitcoin-backed wrapped token, transforming BTC into a dynamic asset for trading, lending, and yield generation. Seamless Conversion: With on-chain Proof of Reserves and fee-free minting/redemption, xBTC offers frictionless interoperability across multiple blockchains, debuting on Aptos. Cross-Chain Expansion: The rollout sets the stage for future integration with networks lik…

OKX Brings Wrapped Bitcoin (xBTC) to Aptos Blockchain

OKX, a leading blockchain technology firm and global crypto exchange, has announced the launch of xBTC, a wrapped version of Bitcoin (BTC), on the Aptos layer-1 blockchain. This introduction is expected to provide Aptos users with direct access to wrapped BTC without incurring any fees for minting or redemption. The asset, fully backed on a 1:1 basis by BTC under OKX’s custody, will become available starting May 22. Users will be able to mint xB…