Glue Network Bridges Bitcoin to DeFi with Avalanche’s BTC.b Integration
Glue Network, a user-centric blockchain ecosystem dedicated to making decentralized finance accessible to all, announced the integration of Avalanche’s BTC.b as its default Bitcoin representation. This integration, utilizing LayerZero’s Omnichain Fungible Token (OFT) standard, aims to enhance Bitcoin liquidity and provide users with seamless access to Bitcoin-pegged assets within the Glue ecosystem. BTC.b, developed by the Avalanche Foundation, offers a trustless implementation of Bitcoin on other blockchains. By selecting BTC.b as its primary Bitcoin-pegged asset,...