Circle just announced cirBTC, a wrapped bitcoin token. The company that built its entire business on the idea that the dollar is the unit of account for digital assets. They just decided they need a bitcoin product too. Circle is making the same moves any normie getting orange-pilled does: You start with dollars because they feel safe. Then you notice everyone around you is building on bitcoin and you realize you need to be there too. What does this means for the stablecoin thesis long-term? The anchor asset is shifting and the stablecoin companies can feel it.
