[Laaas]

EDIT: This comment is entirely wrong! Disregard.

Do note this isn't _real_ wrapped bitcoin. It's essentially a stablecoin which price matches a bitcoin; it is not backed by any bitcoins unfortunately.

Real wrapped BTC would require a decentralised bridge which isn't exactly trivial.

[JVillella]

Wrong :) Look at the website.

[Laaas]

FWIW it seems to be centralised, making use of a custodian, albeit it is backed by BTC as you say.

[JVillella]

Yes, that's right. It's like USDC in that sense.