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Cointelegraphabout 4 hours ago2 min readT1

Monad's cbBTC bridge may add $5B in Bitcoin-backed liquidity

Chainlink CCIP enables cbBTC transfers from Base to Monad. Over $5 billion in Bitcoin-backed liquidity can now enter Monad's DeFi ecosystem. Monad aims to attract transaction-intensive financial applications with its high-throughput EVM-compatible L1. This integration enhances Bitcoin's utility by enabling yield generation opportunities within Monad's DeFi.

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