Odaily Planet Daily reports: Stablecoin issuer Circle has announced on X the upcoming launch of wrapped Bitcoin, cirBTC. cirBTC is 1:1 backed by BTC and verifiable on-chain, designed to seamlessly integrate with Circle’s infrastructure and the broader DeFi ecosystem, creating a neutral foundation for new on-chain applications.
Circle to Launch Wrapped Bitcoin cirBTC Backed 1:1 by BTC
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Summary
Circle announced on X its plan to launch cirBTC, a wrapped Bitcoin backed 1:1 by BTC. This BTC update is chain-verified and designed to integrate with Circle’s infrastructure and the DeFi ecosystem. The move aims to support on-chain innovation and new on-chain applications with a neutral framework.
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