WBTC is a DeFi-compatible version of Bitcoin. It is backed 1:1 by BTC custodied by BitGo.
WBTC is a low-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Portal (Wormhole) bridge, a protocol rated as Watch out.
WBTC has a fixed supply. WBTC is a DeFi-compatible version of Bitcoin. It is backed 1:1 by BTC custodied by BitGo.