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Threshold Claims tBTC Remains Fully Backed While Bridge Stays Paused
(4 hours ago) · 1 source · Summarized by CryptoBipto
Threshold Network has stated that its tBTC token is fully backed by Bitcoin reserves even as the protocol's bridge remains paused. The bridge pause, which prevents new minting and redemptions, has continued while the team addresses underlying issues.
WHY IT MATTERS
In crypto, a "bridge" is like a currency exchange booth that lets you move value between two different blockchains.
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SOURCES
- thedefiant.io
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