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Circle’s cirBTC Is Live on Ethereum but Has Only 40 BTC Outstanding | The Defiant

Circle’s cirBTC is live on Ethereum with about 40 BTC outstanding, far behind WBTC and cbBTC, while Arc support remains forthcoming.

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thedefiant.ioStai leggendo16 h fa

Circle’s cirBTC Is Live on Ethereum but Has Only 40 BTC Outstanding | The Defiant

Circle launched cirBTC (40 BTC vs 116k WBTC) with federal OCC custody and on-chain Proof of Reserve. US compliance differentiates it, but institutional adoption remains microscopic; multichain (Arc) is key to compete against incumbents.

originale

cryptobriefing.com19 h fa

Circle launches cirBTC as neutral wrapped Bitcoin infrastructure for institutions

Circle launches cirBTC, 1:1 wrapped Bitcoin on Ethereum, targeting institutional DeFi yield exposure without custody friction. Against $12.5B wrapped Bitcoin market, move signals institutions adopting DeFi and Circle scaling from stablecoin to multi-asset infrastructure.

Timeline cronologica

mercoledì 12 agosto 2026·cryptobriefing.com
Circle launches cirBTC as neutral wrapped Bitcoin infrastructure for institutions
Circle launches cirBTC, a 1:1 Bitcoin-backed ERC-20 token with segregated custody and Chainlink verification, targeting the $12.5B synthetic BTC
mercoledì 12 agosto 2026·thedefiant.io
Circle’s cirBTC Is Live on Ethereum but Has Only 40 BTC Outstanding | The Defiant
Circle’s cirBTC is live on Ethereum with about 40 BTC outstanding, far behind WBTC and cbBTC, while Arc support remains forthcoming.