According to Foresight News, Mantle announced that FBTC, incubated by Ignition, has been launched on Mantle Network. FBTC is an asset pegged 1:1 to BTC, and holders can explore DeFi returns on their idle Bitcoin on multiple chains.

Mantle said that as a core contributor to Ignition, it has expanded its list of supported assets from ETH-based assets (mETH) to the Bitcoin ecosystem.