Aave Freezes New tBTC Supply and Borrowing After Threshold Pause
Aave contributors said the Ethereum Core market froze additional tBTC supply and borrowing after Threshold temporarily paused the token’s mint-and-redeem functions. The report says the pause alone does not establish that tBTC has lost its Bitcoin backing.
TL;DR: Aave contributors said the protocol had frozen additional tBTC supply and borrowing in its Ethereum Core market after Threshold’s temporary pause of the token’s mint-and-redeem functions. It would be misleading to conclude that tBTC has lost its Bitcoin backing solely because mint and redemp…