Today we crossed a new Threshold:
25,000 BTC have successfully been minted as
@tBTC_project, to be used in Bitcoin Finance, in a total of over 12,000 mint requests!
That is $2.8B of BTC capital that regular, everyday people (and institutions alike) have been able to utilize in DeFi in a trust-minimized way.
Those 12,000+ mint requests interacted directly with the native BTC blockchain — contributing to miner fee revenue and helping sustain ongoing onchain activity.
6,000 requests have been processed by
@TheTNetwork to redeem 19,000 tBTC for native BTC. Permissionlessly.
The system is working.
This is the future of finance.
Less middlemen, more self-sovereignty.