Circle will launch its wrapped 'bitcoin'
The cirBTC token will have its first version on Ethereum, but will later expand to other networks as well.
CirBTC will be developed under "high" regulatory compliance standards, says Circle.
Institutional users would be the main target that Circle is aiming for with this product.
Circle, the issuer of the stablecoins USDC and EURC, announced on April 2, 2026, the upcoming launch of Circle Wrapped Bitcoin (cirBTC). It is a tokenized version of bitcoin (BTC) that will have advantages for use in institutional markets and decentralized finance (DeFi) protocols.
The cirBTC token will maintain a 1:1 parity with the original bitcoin. According to the firm's statement, the asset is fully backed by BTC that can be independently verified directly on the Bitcoin network in real time.
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Saturday, April 4, 2026
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cirBTC is designed to meet the needs of over-the-counter (OTC) trading desks, market makers, and lending protocols that require high regulatory compliance standards.
The company emphasizes that the architecture of cirBTC inherits the foundations of trust and liquidity from its previous products, USDC and EURC. The goal, they say, is to offer a tokenized version of bitcoin that functions as a global standard within the regulated financial infrastructure.
#Squar2earn #Write2Earn $BTC
The cirBTC token will have its first version on Ethereum, but will later expand to other networks as well.
CirBTC will be developed under "high" regulatory compliance standards, says Circle.
Institutional users would be the main target that Circle is aiming for with this product.
Circle, the issuer of the stablecoins USDC and EURC, announced on April 2, 2026, the upcoming launch of Circle Wrapped Bitcoin (cirBTC). It is a tokenized version of bitcoin (BTC) that will have advantages for use in institutional markets and decentralized finance (DeFi) protocols.
The cirBTC token will maintain a 1:1 parity with the original bitcoin. According to the firm's statement, the asset is fully backed by BTC that can be independently verified directly on the Bitcoin network in real time.
CryptoNews Logo
Saturday, April 4, 2026
|
Block ₿: 943.645
Flag of ARS
BTC 97,419,105.20 ARS
-0.10%
ETH 2,982,541.10 ARS
0.08%
Flag of BOB
BTC 465,789.00 BOB
0.92%
ETH 14,210.66 BOB
0.23%
Partner
Light mode bitStarz logo
Flag of BRL
BTC 349,130.00
cirBTC is designed to meet the needs of over-the-counter (OTC) trading desks, market makers, and lending protocols that require high regulatory compliance standards.
The company emphasizes that the architecture of cirBTC inherits the foundations of trust and liquidity from its previous products, USDC and EURC. The goal, they say, is to offer a tokenized version of bitcoin that functions as a global standard within the regulated financial infrastructure.
#Squar2earn #Write2Earn $BTC