Circle Launches cirBTC, a Wrapped Bitcoin Token on Ethereum

Circle’s cirBTC Launch Opens A New Era For Bitcoin Holders

Bitcoin remains the largest cryptocurrency, but much of its supply sits idle. Many investors hold Bitcoin for the long term and rarely use it in decentralized finance applications. Circle now wants to change that narrative with the launch of cirBTC on Ethereum. The company recently introduced cirBTC, a new asset backed 1:1 by Bitcoin reserves. The product allows institutions to bring Bitcoin liquidity into decentralized finance without selling t…

Circle Launches cirBTC, a Wrapped Bitcoin Token on Ethereum

BitcoinWorld Circle Launches cirBTC, a Wrapped Bitcoin Token on Ethereum Circle, the company behind the widely used USDC stablecoin, has introduced a new wrapped Bitcoin token called cirBTC on the Ethereum network. The token is backed 1:1 by Bitcoin held in separate custody, allowing holders to trad...