
Circle Launches cirBTC on Ethereum, Aiming to Revolutionize Wrapped Bitcoin for Institutions
Circle has launched cirBTC on Ethereum, a 1:1 BTC-backed wrapped asset designed to function as institutional collateral. The product integrates with Circle's existing ecosystem, including USDC and Circle Mint, and plans future support on Arc, aiming to simplify institutional workflows and compete with rivals like Coinbase's cbBTC and WBTC.

