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Is WBTC safe?

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I am considering converting a few BTC to WBTC to stake. Theorically WBTC is better because I can also earn passive income while 'holding my keys' which is what i'm trying to understand:

Is this custodial? more risky or same as USDT? Was there any freeze or issue on it by past?

submitted by /u/6969Momo6969
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