## What Is Huobi BTC (HBTC)?

[Huobi BTC](https://coinmarketcap.com/alexandria/glossary/huobi-btc-hbtc) (HBTC) was launched by Huobi Global in February 2020 with the goal of bringing BTC liquidity to [Ethereum](https://coinmarketcap.com/currencies/ethereum/)-based [decentralized apps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) (dApps). HBTC is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token deployed on the Ethereum blockchain and pegged to BTC on a 1:1 ratio. As a result, Huobi BTC has a value equivalent to [BTC](https://coinmarketcap.com/currencies/bitcoin/), with the utility gained through the Ethereum [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) ecosystem.

Huobi Global is a cryptocurrency exchange that was founded in China in 2013 and is now based in Seychelles. It offers a wide range of cryptocurrencies and trading pairs to its users. Huobi Token (HT) is the native cryptocurrency of the Huobi exchange. In addition to being a crypto exchange, Huobi has launched a $100 million venture fund.


## Who Are the Founders of Huobi BTC?

Huobi Global was founded in 2013 by Leon Li, who currently serves as the CEO.

Li graduated from Tsinghua University in 2013. Prior to Huobi Global, Li worked as a computer engineer at Oracle Corporation, one of the largest US-based software companies. Huobi Global is based in the Republic of Seychelles, while Huobi Asia is headquartered in Singapore, with plans to move to Hong Kong.


## What Makes Huobi BTC (HBTC) Unique?

HBTC serves as a bridge between Bitcoin and the Ethereum ecosystem, providing access to decentralized finance ([DeFi](https://coinmarketcap.com/alexandria/glossary/defi)) protocols like [Uniswap](https://coinmarketcap.com/currencies/uniswap/), [Curve](https://coinmarketcap.com/exchanges/curve-finance/) or [Balancer](https://coinmarketcap.com/currencies/balancer/).

HBTC has a higher transaction speed and lower handling fees. Service fees are negligible thanks to two-way exchange support. Furthermore, all transaction details are publicly available, and in reserve pools, users can check the number of issued tokens.

HBTC utilizes a multi-channel system, so users can choose a profitable channel to mint and burn Huobi BTC. HBTC tokens are fully redeemable due to 100% reserve.


### Related Pages:

Read about [renBTC (RENBTC)](https://coinmarketcap.com/currencies/renbtc/) and [Wrapped Bitcoin (WBTC)](https://coinmarketcap.com/currencies/wrapped-bitcoin/) — other Bitcoin-pegged tokens on the Ethereum network. 

What is Huobi BTC? Find out with the [CMC glossary](https://coinmarketcap.com/alexandria/glossary/huobi-btc-hbtc).

Learn more in our deep dive into [Huobi Token (HT)](https://coinmarketcap.com/alexandria/article/what-is-huobi-token-ht) — the native token of Huobi Global.


## How Many Huobi BTC (HBTC) Coins Are There in Circulation?

Huobi BTC (HBTC) is an [Ethereum](https://coinmarketcap.com/currencies/ethereum/)-based, [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) standard token.

Huobi BTC is backed by [BTC](https://coinmarketcap.com/currencies/bitcoin/) at a 1:1 ratio, thus the circulating supply of tokens is directly dependent on the amount of Bitcoin reserves and HBTC minted. At the time of writing, there are 8,969.5 HBTC in circulation.


## How Is the Huobi BTC network Secured?

Huobi BTC (HBTC) is an ERC-20 token on [Ethereum](https://coinmarketcap.com/currencies/ethereum/), which is secured by a [Proof-of-Stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). PoS is a secure and energy efficient algorithm that uses randomly selected validators to confirm transactions and add new blocks to the blockchain.


## Where Can You Buy Huobi BTC (HBTC)?

Users can purchase HBTC on [decentralized exchanges](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEXs) like [MDEX](https://coinmarketcap.com/exchanges/mdex/) and [MakiSwap](https://coinmarketcap.com/exchanges/makiswap/), and [centralized exchanges](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex) (CEXs) like [FMFW.io](https://coinmarketcap.com/exchanges/bitcoin-com-exchange/).

Download the CMC [mobile app](https://coinmarketcap.com/mobile/) to track prices of HBTC in real-time.

Huobi BTC

HyperPay

Trust Wallet

MetaMask

SolFlare

Backpack

Phantom

Welcome to Huobi BTC's Community channel aggregated by CoinMarketCap.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Delysium

Balancer

Tribe

Chromia

MAGA

API3

yearn.finance

MOG Coin

Velar

Bit.Store

Dogecoin20

Wrapped TAO

X2Y2

The Gemini Trust Company (Gemini) is a digital currency exchange and custodian that allows you to buy, sell and store digital assets, founded in February of 2014. The GUSD is created by the cryptocurrency exchange Gemini.

The company received approval from the New York Department of Financial Services or NYDFS to launch the stablecoin in September of 2018. The Gemini Trust Company holds USD deposits that correspond to the number of tokens that are in circulation.

When it comes to the Gemini Dollar itself, it is an ERC-20 token that is built on the Ethereum network and has smart contracts that are audited by the security company Trail of Bits Inc.

This dollar is intended to bridge the divide between traditional finance and the crypto industry, due to the fact that this specific stablecoin is completely regulated by the NYDFS.

Gemini Dollar

sUSD is a synthetic USD token enabled by the Synthetix protocol. It tracks the price of the US Dollar through price feeds supplied by Chainlink’s decentralized network of oracles. sUSD is integrated across the DeFi ecosystem as one of the most liquid decentralized stablecoins, including at Curve. It can be traded without slippage for other assets native to the Synthetix protocol at Kwenta or Synthetix.Exchange.

sUSD

Fei protocol is a DeFi native algorithmic stablecoin. The aim of Fei is to propose a technological solution in a sweet spot between rigid overcollateralized decentralized stablecoin and centralised custodial stablecoins.

Fei Protocol runs on two crypto assets: FEI stablecoin and TRIBE governance token.

FEI is aimed to be a more capital efficient and fully decentralized stablecoin. The protocol uses the value it controls to maintain liquid secondary markets and earn yield for the protocol.

The project was founded in December 2020 and immediately attracted significant interest in the crypto community. It resulted in $19 million VC investment in early March 2021. Among the names that have entered this project are Andreessen Horowitz (a16z), Coinbase Ventures, Nascent and Framework Ventures.

There were some issues with the peg in the original mechanism, but through a series of governance upgrades the protocol recovered in the months following launch.

Fei v2 intends to be a major upgrade for the system and will launch in late 2021. It features 1:1 redeemability for FEI against protocol reserves, TRIBE buybacks and backstop, and algorithmic protocol controlled value management.

Fei USD

Founded in September of 2018, Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets.

A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued asERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.

Pax Dollar

MiL.k

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

TUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.

TrueUSD is attested to in real-time by an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. Users can access the relevant data via the official website tusd.io at any time. TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective on October 7th 2022.

TrueUSD

MediBloc (MED) is a South Korean-based decentralized blockchain protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying smart contract technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.

MediBloc

aelf

Bitcoin Gold was founded in 2017 to become a user-friendly alternative to Bitcoin. The BTG network aims to combine the security and sturdiness of the Bitcoin blockchain and its characteristics with the opportunity for experimentation and development.

BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power or vying for the "real Bitcoin" title. The company aims to present a coin with the implementation capabilities of Bitcoin, however, expanding on the opportunities for DeFi and DApp developers to use the coin.

Bitcoin Gold

Ontology Gas

Function X is mirroring traditional financial products on the Function X network and creating decentralized financial products and a decentralized trading system. It is a highly customizable and expandable multi-chain architecture blockchain network (subnets) that can meet different business needs.

Function X

The Neutrino index is a decentralized financial (DeFi) platform based on the Waves blockchain. The platform rebranded its index token from USDN to XTN. Neutrino has two native tokens, XTN and NSBT.

XTN is an algorithmic crypto-collateralized indexcoin backed by three Waves Ecosystem tokens: WAVES, WX and VIRES. XTN's main function is to encourage user participation in the Neutrino by rewarding those who provide liquidity to the system.

The platform’s other token, NSBT (Neutrino System Base Token), is used for governance purposes: it allows users to make decisions about the future development of the Neutrino protocol, and it ensures the stability of collateral reserves on Neutrino’s smart contract.

New NSBT tokens are issued whenever a user locks WAVES tokens on a contract, which serves as additional backing and insures the system against a deficit. Holders can stake to earn on WAVES to XTN swap fees.

Neutrino Index

Ardor

Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility.
Note: XAU₮ tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).

Tether Gold

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.

It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.

JUST

Aragon

Celo Dollar

Gnosis (GNO) builds decentralized infrastructure on Ethereum. Its mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity.

Gnosis operates as a decentralized autonomous organization (DAO) which provides infrastructure for various types of decentralized applications (dApps), and builds products to transparently guide decisions on the development, support and governance of its ecosystem.

In November 2021, both the xDAI and GnosisDAO community voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering.

Gnosis

ABBC is a blockchain platform that enables secure payment transactions, helping to facilitate retail adoption of cryptocurrencies and make shopping online with digital assets a safer, more enjoyable experience for end-users.

The platform offers three main products: a multi-platform wallet capable of supporting Bitcoin (BTC) and Ethereum (ETH), in addition to a variety of other native cryptocurrencies and ERC-20 tokens; an online shopping application that can be used to shop at over 50 online retailers with cryptocurrencies; and a cryptocurrency exchange platform that offers secure trading and low transaction fees.

The ABBC Coin was created to give holders the ability to govern the development of the ABBC platform by delegating voting power to chosen block producers (BPs) — who are then able to vote on governance proposals. These governance proposals can be on a range of topics but might include launching strategic partnerships, implementing new features or expanding ABBC's services to new regions. Beyond this, ABBC Coins were created as a reward system for online shoppers and can be staked for regular rewards.

ABBC is currently based on the EOSIO blockchain, which enables it to achieve up to 5,000 transactions per second (TPS) while remaining environmentally friendly due to its energy-efficient delegated proof-of-stake (DPoS) consensus mechanism.

ABBC Coin was initially known as Alibabacoin but changed its name in March 2019 following a dispute with Chinese multinational e-commerce giant Alibaba.