# Threshold Network > The standard for bitcoin finance Threshold Network is a DAO that operates tBTC, a decentralized Bitcoin bridge enabling BTC to be used across multiple blockchains through threshold cryptography. Threshold Network is a DAO formed from the on-chain merger of the Keep Network and NuCypher, launched in January 2022. Its flagship product is tBTC, a permissionless 1:1 Bitcoin-backed token secured by a rotating set of independent node operators using threshold cryptography. Users can mint tBTC directly from native BTC and deploy it across Ethereum and multiple chains for DeFi activity. The T token serves as the governance and value accrual asset, enabling node staking and DAO voting. - Type: Protocol - Sector: Infrastructure - Status: Active - Founded: 2022-01-01 - Profile: https://thegrid.id/profiles/threshold_network ## Products - [tBTC](https://thegrid.id/profiles/threshold_network): tBTC is a decentralized Bitcoin bridge that enables native BTC holders to mint a 1:1 backed ERC-20 token across multiple blockchains without a central custodian. The protocol uses threshold cryptography with a rotating 51-of-100 node operator model to secure deposited Bitcoin, distributing control so no single entity can act unilaterally on user funds. Users can mint tBTC directly across multiple chains (Bridge, Live, Main Product) - [TACo](https://thegrid.id/profiles/threshold_network): TACo is a decentralized cryptographic infrastructure layer that enforces access control policies over sensitive data using independently-controlled nodes and threshold cryptography. (Developer Tooling, Early access) ## Assets - [Threshold Network Token (T)](https://thegrid.id/profiles/threshold_network): T is the utility and governance token of Threshold Network. It is used to stake nodes that provide threshold cryptography services and earn fees from applications utilizing the network, and to vote on network upgrades and proposals in the Threshold DAO. Staking T reduces or eliminates redemption fees for the tBTC bridge, directly linking token utility to the network's flagship application for bridging Bitcoin into DeFi. (Governance) - [Threshold USD (thUSD)](https://thegrid.id/profiles/threshold_network): thUSD is a USD-pegged stablecoin backed by tBTC and ETH collateral, with a minimum collateral ratio of 110%. It is used for interest-free borrowing against Bitcoin and Ether, charging only a one-time loan origination fee as low as 0.5%. The stablecoin maintains all its collateral natively on the respective blockchains of Bitcoin and Ether, allowing users to verify the collateral on-chain in real-time. (Stablecoin) - [tBTC (TBTC)](https://thegrid.id/profiles/threshold_network): TBTC is a wrapped Bitcoin token issued by Threshold Network, representing native BTC locked on the Bitcoin blockchain in a 1:1 ratio. It is used as collateral in lending markets, for liquidity provision, and for DeFi participation across Ethereum and multiple chains. The protocol secures deposited Bitcoin through threshold cryptography distributed across a rotating set of independent node operators, eliminating any single custodian. (Wrapped Tokens) ## Links - [Main](https://threshold.network) - [Documentation](https://docs.threshold.network) - [Blog](https://blog.threshold.network) - [Media Kit/branding](https://threshold-labs.notion.site/brand-guide) - [Governance](https://threshold.network/governance) - [Forum](https://forum.threshold.network) - [Terms of Service](https://docs.threshold.network/resources/tbtc-terms-of-use) - [Privacy policy](https://docs.threshold.network/resources/privacy-policy) - [Twitter / X](https://x.com/TheTNetwork) - [Discord](https://discord.gg/Threshold) - [Telegram](https://t.me/thresholdnetwork) - [GitHub](https://github.com/threshold-network) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. 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