Wrapped BTC is a DeFi-compatible version of BTC backed by BTC reserves held by BitGo (licensed custodian)
WBTC is a mid-cap, fully collateralized asset. This asset depends on two centralized entities for custody services. This asset is exposed to the underlying risks of Sollet, a protocol rated as Watch out.
Sollet
WBTC has a fixed supply. WBTC is a DeFi-compatible version of Bitcoin. It is backed 1:1 by BTC custodied by BitGo. WBTC on Fantom is backed 1:1 by WBTC locked on the Ethereum chain in the Multichain bridge protocol.
WBTC is highly correlated to the overall market.