TON launches Teleport BTC to enable Bitcoin cross-chain interoperability
On November 28, TON Foundation launched TON Teleport BTC, which introduced Bitcoin into the TON and Telegram ecosystem through tokenized Bitcoin tgBTC, allowing users to send and receive Bitcoin without the need for an exchange or custodian. TON Teleport BTC combines the security of Bitcoin with the scalability of TON to achieve efficient and low-cost cross-chain interoperability, and promote the application of Bitcoin in DeFi, including staking, lending, and liquidity mining, opening up more possibilities for Bitcoin in real-world financial scenarios.
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