The move places Circle in direct competition with existing solutions like Wrapped Bitcoin $wBTC and $cbBTC, as the firm aims to establish #cirBTC as a neutral and secure global standard amid rising concerns around #centralized control in current offerings

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.

👉 theblock.co/post/396275/circle-plans-wrapped-bitcoin-token-cirbtc

Circle to Launch cirBTC Wrapped Bitcoin for Institutions Circle announced cirBTC, a new wrapped bitcoin token backed 1:1 by BTC and built for institutional markets, including OTC desks and lending protocols.

#Circle to launch #cirBTC wrapped #Bitcoin, challenging #BitGo and #Coinbase

#cryptonews #crypto #BTC #ETH
#altcoins #stablecoins

cointelegraph.com/news/circle-...