Bitlayer Series ㉘: How Does Bitlayer Promote the Financialization of Bitcoin through YBTC?

Bitcoin is regarded as 'digital gold', but as a digital asset, its primary function has always been value storage.

However, as Bitcoin's influence in the financial market gradually increases, holders hope to make Bitcoin not just a storage tool, but a financial asset that can generate returns. The YBTC launched by #Bitlayer addresses this issue by transforming Bitcoin into an income-generating asset, promoting the financialization of Bitcoin. @BitlayerLabs

As a 1:1 backed income-generating asset for Bitcoin, YBTC allows Bitcoin holders to convert their Bitcoin into assets that can generate income. Through BitVM Bridge and Bitlayer Network, YBTC can circulate across chains and participate in decentralization on different public chains.