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News Explorer — Nomic Will Introduce a Bitcoin-backed Token on Cosmos

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Oct 3, 12:30 pm
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Nomic Will Introduce a Bitcoin-backed Token on Cosmos

Nomic, a layer-1 bridging solution for Bitcoin, will launch a Bitcoin-backed token on the Cosmos ecosystem through an upgrade called the nBTC Interchain Upgrade. This upgrade will enable the issuance and redemption of nBTC for Bitcoin, providing liquidity to the Cosmos ecosystem. The upgrade is scheduled for October 27, with activation expected by October 30.

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