Coinbase Unveils New Product "cbBTC" 🌟

- Coinbase has just teased the launch of a new Bitcoin token "cbBTC" on X.

- Jesse Pollak of Coinbase Base has also expressed his love for BTC and promised to build a strong Bitcoin economy on its network.

- The move comes after controversy over BitGo transferring control of WBTC to a joint venture with Justin Sun.

- Many in the DeFi community are concerned about Sun's involvement and have called for the withdrawal of WBTC support.

- BitGo CEO Matt Belshe insists there is no security risk and is just a reaction to Justin Sun's name.

- Sun also confirmed that there are no changes to WBTC and that he does not have direct access to the funds.

What do you think of "cbBTC"? Comment now! 💬#Crypto#Bitcoin #DeFi