🏦 Circle is preparing to launch cirBTC for the institutional market



Circle is developing cirBTC — its own 1:1 backed wrapped Bitcoin to be issued on the Ethereum network.

The company positions the asset as a “highly secure and neutral version of wrapped BTC” for institutional clients.

✅ So, cirBTC will compete with WBTC from BitGo and cbBTC from Coinbase.
BTC0.5%
ETH-0.07%
WBTC0.49%
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