Coinbase has just announced cbBTC, the very first Bitcoin-backed token on Solana. The newly minted SPL token is backed 1:1 by Bitcoin and held in Coinbase custody. It provides an easy way for users to access BTC directly on the Solana blockchain. According to the announcement on X, cbBTC by Coinbase brings the power of The post Coinbase Brings Bitcoin to Solana with cbBTC appeared first on CoinGape .