The Universal Bitcoin (UPBTC) is a proxy asset issued by the Universal Protocol Pte. Ltd. as part of a new universal transparent reserve standard that introduces digital assets to the world via the Universal Protocol Platform (UPP).
The Universal Bitcoin is an ERC-20 wrapped Bitcoin, allowing for more functionality in trading across the Ethereum blockchain. Its value is fully backed by the matching amount of Bitcoin (BTC) in UPP’s transparent reserve system.
Read more about UPBTC on our blog.