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BitGo's Mike Belshe on What's Next for WBTC & Crypto Custodians
The Defiant - DeFi Podcast
Is This Just People Deleveraging?
There continues to be a discount and that can be attributed probably to just a little bit of less demand for WBCC. People aren't using the wrapped bitcoins and then they are returning them back and, you know, redeeming it for their Bitcoin. So this is just people deleveraging. And actually the system is working great. You can see that the mints and burns are all being fulfilled and the market is holding steady.
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