Circle Announces Launch of Wrapped Bitcoin ‘cirBTC’ Circle has announced the launch of a new Bitcoin-based asset called cirBTC. - Based on 1:1 BTC collateral (Fully Backed) - Transparently verifiable on-chain - Designed for full compatibility with Circle's infrastructure and DeFi ecosystem It appears to be similar to the existing WBTC but leverages the strengths of the Circle brand and a regulation-friendly structure. It is expected to further expand the utility of BTC in DeFi... Let's see what impact this launch of a "new, institution-friendly Wrapped BTC" will have. Reference Tweet
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