Lombard Finance acquires Avalanche cross-chain Bitcoin asset BTC.b
ChainCatcher news, according to The Block, Bitcoin DeFi protocol Lombard Finance has announced the acquisition of Avalanche (AVAX)'s cross-chain Bitcoin asset BTC.b and its related infrastructure, with the transaction coming from Ava Labs.
BTC.b has a market capitalization of approximately $502 million and will continue to operate on Avalanche, with its contract and name remaining unchanged.
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