Huobi BTC Price

Introduction to HBTC Cryptocurrency

HBTC (Huobi BTC) is a cryptocurrency based on the Ethereum network, whose main purpose is to introduce Bitcoin (BTC) into the decentralized finance (DeFi) ecosystem. HBTC is issued by Huobi Global, aiming to provide users with a secure and reliable way to use Bitcoin in the DeFi market.

Main features:

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

2. Decentralized finance: HBTC is designed to promote the growth of decentralized markets by introducing 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 other scenarios, providing possibilities for the use of Bitcoin in the DeFi market.

Additional information:

• Launch date: February 14, 2020
• Total supply: 38,969 HBTC
• Official website: Huobi Global Official Website
• Social media: Twitter, Facebook, Medium

The design and issuance of HBTC are aimed at providing users with a secure and reliable way to use Bitcoin in the DeFi market, promoting the development of decentralized finance.