Renowned cryptocurrency trading platform Coinbase recently issued a statement on its official platform, announcing that it has put the cbBTC token based on the ERC-20 standard onto the blockchain. This move aims to ensure that each Bitcoin (BTC) held by users is supported at a 1:1 ratio, further enhancing the security and transparency of assets. As the cryptocurrency market continues to grow, fraudulent activities targeting these digital assets have increased, and Coinbase has taken additional preventive measures. They have revealed the contract address of cbBTC, intending to assist users in identifying the genuine cbBTC and effectively combating counterfeit token fraud. This action not only strengthens users' trust in the Coinbase platform but also reflects their efforts in safeguarding user interests.