21Shares' parent company, 21.co, has launched a new wrapped Bitcoin token called 21BTC on Ethereum, aimed at enhancing DeFi by enabling Bitcoin to be used within Ethereum's ecosystem. Wrapped tokens facilitate the use of one token on another blockchain, and 21BTC will allow Bitcoin holders to engage in Dapps while retaining liquidity. This move comes amidst controversy in the wrapped Bitcoin space, including scrutiny of partnerships and the entry of other firms like Coinbase with similar products. Despite the issues, there is strong demand for Bitcoin's integration with various blockchains. Sources: Decrypt
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