Huobi BTC (HBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain, issued by the Huobi cryptocurrency exchange.

Each HBTC token is backed 1:1 by BTC, providing liquidity and enabling BTC to be used in Ethereum-based DeFi applications.

Its best use is for BTC holders who want to utilize their Bitcoin in Ethereum’s DeFi ecosystem without selling their BTC.

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