Wrapped Bitcoin (WBTC), a popular representation of Bitcoin on other blockchains, has officially launched on the Hedera network (HBAR). This integration brings increased liquidity and potential for DeFi applications to the Hedera ecosystem. Cointelegraph reported that this launch is supported by key players in the crypto space. BitGo, the custodian responsible for minting WBTC, is facilitating the process. Interoperability provider BiT Global and cross-chain messaging protocol LayerZero (ZRO) are also playing crucial roles in enabling seamless transfers and broader accessibility of WBTC on Hedera. This development allows Hedera users to access the value of Bitcoin within the Hedera network's fast and low-fee environment, potentially boosting DeFi activity and attracting new users to the platform. The availability of WBTC on Hedera offers opportunities for trading, lending, and other decentralized financial services. ```