tBTC

tBTC

Decentralized, trustless Bitcoin-backed token on Ethereum secured by threshold cryptography.

Launch Year
2020
Consensus
Proof of Stake
Max Supply
None (backed 1:1 by BTC)
Block Time
~12 seconds
TBTC
TBTC
tBTC
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
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  • Non-custodial — your keys, your crypto
  • 1000+ supported exchange pairs
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tBTC Price Chart

TBTC / USD
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Data by CryptoCompare

About tBTC

tBTC is a decentralized ERC-20 token on Ethereum backed 1:1 by Bitcoin, maintained by the Threshold Network (formed by the merger of Keep Network and NuCypher). Unlike centralized wrapped Bitcoin (WBTC) which relies on BitGo as custodian, tBTC uses threshold cryptography (threshold ECDSA) where a randomly selected group of signers collectively control the Bitcoin without any single party having access to private keys. This makes tBTC trust-minimized and censorship-resistant. tBTC v2 improved capital efficiency by removing the requirement for signers to post ETH collateral, making the system more scalable.

History

2020
tBTC v1 launches on Ethereum as the first trust-minimized wrapped Bitcoin using threshold cryptography.
2021
Keep Network and NuCypher merge to form the Threshold Network, consolidating tBTC under unified governance.
2022
tBTC v2 launches with improved capital efficiency, removing signer collateral requirements for scalability.
2023
tBTC minting expands as institutional and DeFi interest in trustless Bitcoin on Ethereum grows.
2024
tBTC integrations expand across major DeFi protocols including Curve, Aave, and Compound.

How to Swap TBTC

To swap tBTC (TBTC) on SyntheticSwap, no account creation or KYC is required. TBTC runs on the Ethereum blockchain as an ERC-20 token, compatible with MetaMask, Ledger, Rainbow, and any Web3 wallet. Navigate to SyntheticSwap, choose TBTC as either source or target, enter your wallet address for the destination asset, and send TBTC from your personal wallet to the deposit address shown. Swaps typically settle within a few Ethereum block confirmations, and your destination asset lands directly in your specified wallet.

How to Store TBTC

Store TBTC in any Ethereum-compatible wallet such as MetaMask or Ledger. TBTC is an ERC-20 token on Ethereum fully backed by Bitcoin held by the Threshold Network.

Frequently Asked Questions