What is Huobi BTC?

HBTC is an ERC20 token that is backed 1:1 by bitcoin held in custody by Huobi. Launched by Huobi Global in February 2020, Huobi BTC token aims to promote the growth of the decentralized marketplace by injecting Bitcoin (BTC), the largest and most liquid asset, into the decentralized finance (DeFi) eco-system. Every 1 HBTC issued is backed by the same BTC asset quantity to ensure users can perform a 1:1 exchange between HBTC and BTC at any time.

How to use Huobi BTC?

You can mint new HBTC by depositing BTC into your exchange account on Huobi Global and withdrawing HBTC. You can redeem HBTC by depositing it into your Huobi account and withdrawing BTC.