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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms4 shown

bStocksSecurity tokens issued by an issuer and backed 1:1 by the corresponding U.S. equities held with a regulated custodian, providing exposure to their price movements and associated economic benefits.
Proof of ReservesA verification method used to check whether custodians such as exchanges hold sufficient funds to cover their customers' balances.
Wrapped Bitcoin (WBTC)Tokenized Bitcoin backed at a 1:1 ratio by BTC held in reserve by a custodian and usable on other blockchains.
MintingThe process in which a custodian creates an equivalent amount of WBTC on the target blockchain after confirming receipt and custody of BTC.

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Definition

Minting

The process in which a custodian creates an equivalent amount of WBTC on the target blockchain after confirming receipt and custody of BTC.

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