Circle is launching cirBTC, a wrapped Bitcoin that is 1:1 backed by native BTC reserves, aiming to solve the trust issues plaguing existing wrappers. With major integrations planned on Ethereum and Circle's own Arc blockchain, this could provide institutions the utility they crave without the usual concerns. Will cirBTC finally propel Bitcoin into the DeFi spotlight? Time will tell. $CRCL #Crypto ⬇️
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