Volume (24h)
$188.83
0.11 %
goBTC (GOBTC)
$ 82,131.81
0.11 %
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updated $0Market cap$0
Volume 24h$188.83
goBTC (GOBTC) is a tokenized version of Bitcoin on the Algorand blockchain, designed to bring BTC's liquidity to fast and low-cost DeFi applications. It's a 1:1 pegged asset, meaning each GOBTC represents real Bitcoin held in reserve.
Frequently asked questions
What is goBTC and how is it different from regular Bitcoin?
goBTC is a wrapped Bitcoin (like WBTC) but specifically for Algorand—it moves BTC's value onto a faster blockchain while maintaining 1:1 backing by actual Bitcoin held by a trusted custodian.
How does goBTC's pegging technology work?
A custodian locks up real BTC, then mints an equivalent amount of GOBTC on Algorand. The process is reversible: burning GOBTC releases the original BTC from custody.
Who controls goBTC's supply?
New GOBTC is only minted when users deposit BTC into the custodian's reserve. The total supply always matches the locked Bitcoin 1:1.
How do I use goBTC?
Store it in any Algorand-compatible wallet (e.g., MyAlgo, Pera). Use it in Algorand DeFi for lending, trading, or as collateral—with faster/cheaper transactions than native Bitcoin.