What is Hyperlane Bridged WBTC (Radix)?

Hyperlane Bridged WBTC (hWBTC) is a wrapped asset that represents locked Wrapped Bitcoin (wBTC) and facilitates cross-chain activities. It operates within the Hyperlane interoperability protocol, which enables users to deploy bridging infrastructure across supported chains.

hWBTC is minted on destination chains when a corresponding amount of USDC is secured on the source chain. This process utilizes Hyperlane's Mailbox and Interchain Security Modules (ISMs) to ensure the integrity and security of the bridging mechanism. hWBTC is not an independent project or token but functions as a derivative of the underlying wBTC locked in the system.