TRON Partners With BitGo to Bring Wrapped BTC, ETH to Its Blockchain
TRON is reportedly partnering with cryptocurrency services provider BitGo to create two new tokens, Wrapped Ether and Wrapped Bitcoin, on the TRON blockchain.
These would essentially be synthetic representations of bitcoin and ether on the cryptocurrency’s blockchain in the form of TRC20 tokens. These would be backed 1:1 with their underlying tokens on BitGo.
Wrapped Bitcoin (WBTC) was the first token that made Bitcoin available on the Ethereum blockchain. There are over $820 million worth of WBTC circulating on Ethereum. In a statement Justin Sun, founder of TRON, said they are 2excited to expand TRON’s DeFi potential by partnering with the industry leader BitGo to bring integral cross-chain solutions.” To TRON.
