New IOTA Token iBTC Sparks Speculation: Could Wrapped Bitcoin Be Coming?

Salima, a prominent IOTA proponent and tech expert, first spotted the token on Rebased. She shared her observations on X, stating: “Something new just popped up on IOTA: a token called IOTA Bitcoin (iBTC) on Rebased. Could this be a WBTC-style IOTA version, a wrapped Bitcoin backed 1:1 for DeFi? Or an experimental bridge, paving the way for iETH, iUSDT, and more? Or simply a mock test token, with no backing yet, but hinting at what’s coming? Whatever the case, the very existence of iBTC might be the first domino in IOTA’s next big move.” 2.