POPA ReconCircle Enters Wrapped BTC Market with cirBTC Launch Plans
Circle Enters Wrapped BTC Market with cirBTC Launch Plans Circle Internet Group is expanding beyond stablecoins with plans to launch its own wrapped Bitcoin token, cirBTC. The asset will be backed 1:1 by BTC and aims to deliver enhanced utility for institutional players across DeFi and trading ecosystems. cirBTC is positioned as an “institutional-grade” wrapped BTC, targeting OTC desks, market makers, and lending protocols. It will integrate with Circle’s infrastructure, including its Arc Layer 1 blockchain and Circle Mint, with initial deployment on Ethereum and Arc. The move places Circle…
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