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2026-06-09 10:35:10 UTC

Blockchain Report on Nostr: Circle launches cirBTC on Ethereum, a 1:1 backed wrapped Bitcoin product. Challenging ...

Circle launches cirBTC on Ethereum, a 1:1 backed wrapped Bitcoin product. Challenging Coinbase's cbBTC, cirBTC aims to be a neutral, secure BTC collateral for institutional DeFi use in lending, market-making, OTC, & fund management. Circle will offer on-chain reserve verification via Chainlink's Proof of Reserve. #Bitcoin #Ethereum #DeFi #cirBTC #cbBTC