acBTC is a composite asset backed by a basket of ERC20 BTC, designed for usability and interoperability across blockchain networks. Every constituent in the composite basket is 1:1 backed by BTC.
The acBTC ecosystem integrates BTC and ERC20 BTC, with swap, stablecoin and yield generating applications into one highly secure, efficient and usable standard.
Key pain points faced by native BTC and ERC20 BTC holders today: