Overview
- Chainlink confirmed on Mar. 2 that Coinbase’s cbBTC can be bridged from Base to Monad using its Cross‑Chain Interoperability Protocol.
- More than $5 billion of cbBTC circulates across Ethereum, Base, Arbitrum, and Solana, now eligible for deployment within Monad’s ecosystem.
- Curvance and Neverland are rolling out cbBTC‑based markets on Monad as early adopters named in the announcement.
- Coinbase states cbBTC remains backed 1:1 by Bitcoin held in custody across supported networks.
- Chainlink says CCIP has processed over $28 trillion in on‑chain value, while Monad targets up to 10,000 TPS with sub‑second finality to support lending, trading, derivatives, and structured products.