Lombard Launches Cross-Chain Bitcoin Token For DeFi Use

According to Odaily, Lombard has officially launched LBTC, a cross-chain interest-bearing Bitcoin token designed for DeFi applications. The team announced that this release follows a successful internal test, which attracted deposits totaling $165 million from over 600 institutional investors. LBTC enables users to stake Bitcoin through Babylon and utilize it across various DeFi protocols. Initial integrations include major DeFi protocols such as Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi, and Gearbox.