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 Coinbase chief legal officer Paul Grewal responded to recent fear, uncertainty, and doubt (FUD) surrounding the user terms of service for Coinbase's newly launched cbBTC "wrapped Bitcoin" product — confirming that Coinbase would fully reimburse clients in the event the exchange loses the underlying Bitcoin.
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 Grewal reassured users that the cbBTC service is designed to be transparent and secure, emphasizing that it is backed 1:1 by Bitcoin. This backing aims to instill confidence among users regarding the stability of the cbBTC tokens. He highlighted Coinbase's commitment to user protection and clarity in its service offerings, aiming to dispel any misconceptions that may have arisen 
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