Convert Crypto.com Wrapped BTC CDCBTC to São Tomé and Príncipe Dobra STD
1 CDCBTC converts to STD 1,398,776,406.21 STD as of June 21 at 11:37 AM
About Crypto.com Wrapped BTC
Crypto.com Wrapped BTC is climbing this week. The current price of Crypto.com Wrapped BTC is STD 1,398,776,406.21 per CDCBTC. With a circulating supply of 173 CDCBTC, it means that Crypto.com Wrapped BTC has a total market cap of STD 242,183,922,798.60. The amount of Crypto.com Wrapped BTC traded has fallen by -STD 7,367,566 in the last 24 hours, which is a 46.86% decrease. Additionally, in the last day, STD 15,723,248 worth of CDCBTC has been traded.
The exchange rate of Crypto.com Wrapped BTC is increasing. The current value of 1 CDCBTC is STD 1,398,776,406.21 STD. In other words, to buy 5 Crypto.com Wrapped BTC, it would cost you STD 6,993,882,031.04 STD. Inversely, STD 1 STD would allow you to trade for 0.0000000007149 CDCBTC while STD 50 STD would convert to 0.00000003575 CDCBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.21%. Meanwhile, in the last 24 hours, the rate has changed by 0.72%, and that the highest exchange rate of 1 CDCBTC to STD was STD 1,436,775,960.11 STD and the lowest 24 hour value was 1 CDCBTC for STD 1,394,099,904.77 STD. Last month, 1 CDCBTC was worth STD 1,716,985,067.81 STD. Today, it's down 16.96%. Looking back a year, Crypto.com Wrapped BTC has changed by STD 2,282,227,558.70 STD. That means that in a single year, the value of Crypto.com Wrapped BTC has shrank by 37.53%.
Crypto.com Wrapped BTC Market Stats
What is CDCBTC? Crypto.com Wrapped BTC (CDCBTC) is a token backed 1:1 by native BTC in Crypto.com’s custody, with the underlying BTC held in Crypto.com’s cold storage. CDCBTC allows bitcoin holders to access decentralised finance (DeFi) applications on chain. Eligible Crypto.com users can obtain CDCBTC by withdrawing their native BTC from the platform to a supported non-BTC chain and swap CDCBTC for native BTC by depositing CDCBTC into their Crypto.com wallet. The Case for CDCBTC Bitcoin’s DeFi utilities on its native chain are limited because of a lack of smart contract functionality and compatibility with other chains. Several wrapped BTC products have been created to address this problem, but many fail to sufficiently mitigate counterparty and security risks. CDCBTC aims to enable token holders to unlock BTC’s DeFi capabilities across multiple chains: on-chain trading, collateralised borrowing, yield farming, restaking, and more. This will be done by offering a seamless and secure way to wrap and unwrap native BTC through the Crypto.com platform to multiple supported chains while addressing security issues by having the underlying BTC held in Crypto.com’s SOC 2 Type II compliant custodial solution. CDCBTC will be initially made available on Cronos Chain. Wrap and Unwrap of CDCBTC CDCBTC represents the underlying native BTC-backed 1:1 in Crypto.com’s custody. Mint/burn thresholds are set to ensure the underlying BTC backing CDCBTC is always larger than or equal to the circulating supply of CDCBTC. The exchange process between CDCBTC and BTC is as follows: Wrap: When users initiate a BTC withdrawal to a supported chain, they will receive CDCBTC in their destination wallet. Crypto.com will manage the minting/wrapping operation on the backend - native BTC will be moved to a dedicated BTC reserve wallet backing CDCBTC before new quantities of CDCBTC are minted on a 1:1 basis. Unwrap: When users initiate a CDCBTC deposit into their Crypto.com account, the CDCBTC is automatically unwrapped and they will receive native BTC from the dedicated BTC reserve wallet, available for trading or other use cases on the platform. Custody, Transparency, and Security The underlying BTC is held 1:1 via Crypto.com’s in-house Multiparty Computation (MPC) custody solution that has undergone SOC 2 (Service Organisation Control) Type II assessment by an independent auditor. It is an assurance through an independent auditor validating and auditing security controls and processes, focusing on the following aspects: Security, Availability, Processing Integrity, and Confidentiality. Guided by the SOC 2 Type II standards, the custody solution was designed to ensure that the security controls in place protect the solution itself from unauthorised access (system abuse, theft, fraud, etc.), unauthorised removal of data, misuse of software, and improper alteration or disclosure of information. Crypto.com has engaged SlowMist for CDCBTC’s smart contracts auditing. No critical vulnerabilities have been identified.
Conversion tables
CDCBTC to STD values from Today at 11:37 am
0.5 CDCBTC = STD 699,388,203.10 STD |
1 CDCBTC = STD 1,398,776,406.21 STD |
5 CDCBTC = STD 6,993,882,031.04 STD |
10 CDCBTC = STD 13,987,764,062.08 STD |
50 CDCBTC = STD 69,938,820,310.42 STD |
100 CDCBTC = STD 139,877,640,620.85 STD |
500 CDCBTC = STD 699,388,203,104.24 STD |
1,000 CDCBTC = STD 1,398,776,406,208.48 STD |
STD to CDCBTC values from Today at
STD 1 STD = 0.0000000003575 CDCBTC |
STD 1 STD = 0.0000000007149 CDCBTC |
STD 5 STD = 0.000000003575 CDCBTC |
STD 10 STD = 0.000000007149 CDCBTC |
STD 50 STD = 0.00000003575 CDCBTC |
STD 100 STD = 0.00000007149 CDCBTC |
STD 500 STD = 0.0000003575 CDCBTC |
STD 1,000 STD = 0.0000007149 CDCBTC |
CDCBTC to STD over time
CDCBTC | Today | 24H -1.20% | 1M -22.75% | 1Y -63.16% |
|---|---|---|---|---|
0.5 CDCBTC | STD 699,388,203.10 STD | STD 707,779,545.16 STD | STD 858,492,533.90 STD | STD 1,141,113,779.35 STD |
1 CDCBTC | STD 1,398,776,406.21 STD | STD 1,415,559,090.32 STD | STD 1,716,985,067.81 STD | STD 2,282,227,558.70 STD |
5 CDCBTC | STD 6,993,882,031.04 STD | STD 7,077,795,451.61 STD | STD 8,584,925,339.04 STD | STD 11,411,137,793.50 STD |
10 CDCBTC | STD 13,987,764,062.08 STD | STD 14,155,590,903.22 STD | STD 17,169,850,678.08 STD | STD 22,822,275,587.00 STD |
50 CDCBTC | STD 69,938,820,310.42 STD | STD 70,777,954,516.09 STD | STD 85,849,253,390.39 STD | STD 114,111,377,934.99 STD |
100 CDCBTC | STD 139,877,640,620.85 STD | STD 141,555,909,032.18 STD | STD 171,698,506,780.78 STD | STD 228,222,755,869.98 STD |
500 CDCBTC | STD 699,388,203,104.24 STD | STD 707,779,545,160.90 STD | STD 858,492,533,903.88 STD | STD 1,141,113,779,349.92 STD |
1,000 CDCBTC | STD 1,398,776,406,208.48 STD | STD 1,415,559,090,321.79 STD | STD 1,716,985,067,807.76 STD | STD 2,282,227,558,699.83 STD |
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