H-tokens are a suite of assets issued on Ethereum and backed by cryptocurrencies from other blockchains. H-token series aims to bring more digital assets to the Ethereum DeFi ecosystem. $HBTC enables users to seamlessly access decentralized protocols such as Uniswap, Curve, Harvest, C.R.E.A.M., BoringDAO, Nest, and ForTube. $HBTC’s growing use cases prove that its value has been recognized by the market.
Launched by Huobi Blockchain Team, $HBTC is described to be a standard ERC20 token backed by 100% $BTC. While maintaining the equivalent value as Bitcoin, it also has the flexibility of Ethereum. As a bridge between the centralized market and the DeFi market, $HBTC claims to enable users to participate in DeFi market conveniently and seamlessly using Bitcoin, providing high quality assets to the DeFi market.