Huobi BTC is a DeFi-compatible version of BTC collateralized by BTC reserves held by Huobi
HBTC is a mid-cap, fully collateralized asset. This asset depends on a centralized entity for custody services.
Huobi BTC has no dependencies.
HBTC has a fixed supply. HBTC is a DeFi-compatible version of Bitcoin. It is backed 1:1 by BTC custodied by Huobi.
HBTC is highly correlated to the overall market.