Circle Launches cirBTC to Bring Bitcoin Into DeFi Markets

Circle is moving beyond stablecoins with a new product aimed at unlocking Bitcoin liquidity. The firm plans to launch cirBTC, a wrapped Bitcoin token backed 1:1 by native BTC reserves. The stablecoin company wants to bring Bitcoin into DeFi and institutional trading flows as BTC remains largely unused in decentralized finance. cirBTC Targets Idle Bitcoin […] Read The Full Article Circle Launches cirBTC to Bring Bitcoin Into DeFi Markets On Coin Edition.