💎 Circle — Announces Launch of Wrapped BTC "cirBTC" ✅ What is cirBTC? - A 1:1 BTC collateralized wrapped token created by Circle - Collateral verifiable on-chain - Designed for native compatibility with Circle's infrastructure and the DeFi ecosystem ✅ Why Pay Attention? - The existing WBTC was controversial due to custody issues - Circle is an issuer that has already secured institutional trust through USDC - Business expansion bringing BTC liquidity on-chain, following the US Dollar (USDC) - Infrastructure is being laid for institutional funds to use BTC in DeFi Original Tweet | Official Page 💬 Comment Circle extending its reach to BTC, after having previously focused solely on US Dollar infrastructure, signifies more than just business expansion The launch of Wrapped BTC, which retains the credibility of USDC, could shake up the WBTC landscape #Circle #cirBTC #WBTC
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