New token is coming called WBTC made by Kyber Network, Republic Protocol and the famous BitGo wallet that loads of exchanges use.
After its launched loads of exchanges said they will support it ie MakerDAO, Dharma, Airswap, Gnosis, IDEX, Radar Relay, Compound, DDEX, Hydro Protocol, Set Protocol and Prycto
BitGo will be holding WBTC collaterals and keep amounts right in circulation. We can say its a new stablecoin - but stable to BTC.
What does it mean? That loads of BTC can be moved to ETH blockchain while still existing on BTC chain. Marketcap of crypto can get really crazy due to this.
Interesting times.
Of course KNC and REN raised today (the tokens behind this idea) in prices.
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