
Ep. 491 The Crypto Regulation Landscape with Mike Belshe: CEO of BitGo
CRYPTO 101
00:00
Wrapped Bitcoin: A Proof of Reserves
There's been a lot of fear and concern about if there's enough Bitcoin to back all the wrapped Bitcoin in existence. Rap Bitcoin is also a stablecoin, it's a token that wraps to one Bitcoin. You can see exactly the tokens in the smart contract and you can also see all of the Bitcoin on chains at wbtc.network.
Transcript
Play full episode