Markets
Circle Launched cirBTC on Ethereum on Monday — and Lined Up a Direct Run at the $9 Billion Wrapped Bitcoin Market
Every cirBTC is backed 1:1 by native BTC at a regulated Circle entity, with Chainlink Proof of Reserve verifying the float on chain. The launch is calibrated to siphon institutional flow away from WBTC and Coinbase's cbBTC.
·Aubrey Swanson