Lombard launches yield-bearing Bitcoin asset LBTC on the Solana network

Bitcoin DeFi protocol Lombard has launched yield-bearing Bitcoin asset LBTC on the Solana network. LBTC is an SPL token issued by Lombard, fully backed by Bitcoin, and secured by a decentralized network of validators, while providing real-time proof of reserves. LBTC has been launched on Ethereum, Base, and Sui networks, with a circulation of 1.5 billion dollars.