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The Bitcoin-Cardano Bridge is Here: What it Means for DeFi

This initiative, highlighted by Cardano founder Charles Hoskinson and IOG CTO Roman Pellerin, marks their most direct effort yet to integrate Bitcoin.
While already capable of wrapping and unwrapping Ordinals, Pellerin notes the protocol isn’t “production-ready” yet, with improvements planned for the 1.0 version.
Cardinal lets Bitcoin holders access DeFi services like lending and borrowing on Cardano without relying on centralized bridges.