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What Is Wrapped Bitcoin (WBTC)? Wrapped Bitcoin (WBTC) is a joint initiative run by three Web3 entities: Kyber, Ren, and BitGo. These are three of the 15 entities in total that make up the Wrapped Tokens DAO. Collectively, they are responsible for minting and burning wrapped bitcoin. They also manage, i.e. add or remove, merchants and custodians.
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