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Ep. 491 The Crypto Regulation Landscape with Mike Belshe: CEO of BitGo

CRYPTO 101

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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.

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