Huobi BTC Price

Introduction to HBTC Cryptocurrency

HBTC (Huobi BTC) is a cryptocurrency based on the Ethereum network, primarily aimed at bringing Bitcoin (BTC) into the decentralized finance (DeFi) ecosystem. HBTC is issued by Huobi Global, designed to provide users with a safe and reliable way to use Bitcoin in the DeFi market.

Main Features:

1. 1:1 Asset Support: The issuance of HBTC strictly follows the 1:1 asset support principle, meaning that for every HBTC issued, there is an equivalent BTC as backing. This ensures that the value of HBTC remains consistent with the value of BTC.

2. Decentralized Finance: HBTC is designed to facilitate the growth of decentralized markets by bringing Bitcoin into the DeFi ecosystem, providing more liquidity and use cases.

3. Security: The issuance and management of HBTC are handled by Huobi Global, ensuring its security and reliability.

4. Use Cases: HBTC can be used in various DeFi applications, including lending, trading, and more, offering the possibility of using Bitcoin in the DeFi market.

Related Information:

• Issue Date: 14th February 2020
• Total Supply: 38,969 HBTC
• Official Website: Huobi Global Official Website
• Social Media: Twitter, Facebook, Medium

The design and issuance of HBTC aim to provide users with a safe and reliable way to use Bitcoin in the DeFi market, promoting the development of decentralized finance.