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How to Stake tBTC
You can earn rewards for tBTC through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.
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tBTC (TBTC) is not tradable on Coinbase.
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
tBTC Price (TBTC)
Market stats
tBTC is on the rise this week. ↗
The price of tBTC has decreased by 0.56% in the last hour and increased by 0.90% in the past 24 hours. tBTC’s price has also risen by 7.11% in the past week. The current price is $103,677.67 per TBTC with a 24-hour trading volume of $2.66K. Currently, tBTC is valued at 4.57% below its all time high of $108,647.22. This all-time high was the highest price paid for tBTC since its launch.
The current circulating supply of tBTC is 9 TBTC which means that tBTC has as total market cap of 9.
Overall
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$932,998.78
Volume (24h)
$2,655.79
Circulating
9.00 TBTC
All time high
$108,647.22
Price change
1 hour
↘ 0.56%
1 day
↗ 0.9%
1 week
↗ 7.11%
2 weeks
↗ 11.19%
1 month
↗ 11.55%
1 year
↗ 161.5%
1 year benchmarks
Performance
↗ 160.82%
Vs. Market
↗ 14.11%
Vs. BTC
↗ 1.04%
Vs. ETH
↗ 82.3%
About tBTC
tBTC is an Ethereum token that’s intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. tBTC is powered by the Keep Network. Keep Network enables users to deposit Bitcoin and redeem tokenized tBTC, which can then be used across the Ethereum ecosystem.
FAQ
tBTC is an ERC-20 token completely backed by Bitcoin and pegged to the price of Bitcoin. The platform helps Bitcoin holders take action on the Ethereum blockchain and access the decentralized finance (DeFi) ecosystem. tBTC is an open-source project backed by groups such as Keep, Summa, and the Cross-Chain Group.
Keep is Ethereum's privacy layer. “Keep" is the off-chain container for private data. In contrast, Summa provides customized interoperability solutions to companies across the blockchain ecosystem. The Cross-Chain Group is an industry resource and working group dedicated to advancing cross-chain architecture research, design, and implementation. Cross-chain refers to a technology enhancing the interconnection between blockchain networks by allowing the exchange of information and value.
Each tBTC token is fully backed and matched by one reserve BTC. Thus, every TBTC token is backed 1:1 with a BTC token. Also, tBTC is trustless and uses random beacons to select the "signers" who are responsible for the BTC deposited. Thus, one can convert TBTC to BTC and vice versa anytime without a middleman signing.
tBTC further allows users to earn yields without a middleman, reducing counterparty risk and friction. Users can integrate their tBTC with Compound, an Ethereum-based algorithmic money market protocol that allows users to earn yields or borrow assets.
However, tBTC is not a price peg to BTC; instead, it is a supply peg. That implies BTC/tBTC might not be the same in absolute terms. tBTC might trade at a slight discount or at a premium.
ETH is treated as collateral in the exchange process. ETH is a safer collateral type because of the DeFi standard, and the team working on tBTC plans to shift the ETH/BTC collateral ratio from 150% to 135% shortly after launch. tBTC is also working on new mechanisms that could lower that ratio to 40% collateral later.
Integration work is necessary to build tBTC minting and redemption into a dApp. The code is open source, enabling developers to build interfaces that match their products.
The tBTC token was launched on September 22, 2020. The alpha version of tBTC went live on May 15, 2020.
We update our tBTC to USD currency in real-time. Get the live price of tBTC on Coinbase.
The current market cap of tBTC is $933.00K. A high market cap implies that the asset is highly valued by the market.
The all-time high of tBTC is $108,647.22. This all-time high is highest price paid for tBTC since it was launched.
Over the last 24 hours, the trading volume of tBTC is $2.66K.
Assets that have a similar market cap to tBTC include Unstoppable Ecosystem Token, God Coin, GG Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of tBTC is 9.
tBTC Price History
Date | Price | Change |
|---|---|---|
Today (January 23, 2025) | $103,677.67 | 0.93% |
24 hours ago (January 22, 2025) | $102,710.47 | 0.90% |
1 week ago (January 16, 2025) | $96,767.06 | 7.11% |
1 month ago (December 23, 2024) | $93,465.84 | 11.55% |
1 year ago | $39,746.11 | 161.50% |
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tBTC Calculator
How much is 1 TBTC?
Conversion Table
1 tBTC (TBTC) to United States Dollar (USD)
$103,677.67
1 tBTC (TBTC) to Canadian Dollar (CAD)
CA$149,288.50
1 tBTC (TBTC) to British Pound (GBP)
£84,179.08
1 tBTC (TBTC) to Japanese Yen (JPY)
¥16,199,444.59
1 tBTC (TBTC) to Indian Rupee (INR)
₹8,958,832.73
1 tBTC (TBTC) to Real (BRL)
R$617,576.42
1 tBTC (TBTC) to Euro (EUR)
€99,658.42
1 tBTC (TBTC) to Nigerian Naira (NGN)
NGN 161,404,967.52
1 tBTC (TBTC) to South Korean Won (KRW)
₩148,953,833.92
1 tBTC (TBTC) to Singapore Dollar (SGD)
S$140,615.91
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