Circle launches a packaged Bitcoin product called “cirBTC” targeting institutional demand, with initial support for Ethereum and the Arc chain
Stablecoin issuer Circle has launched “cirBTC,” a Bitcoin product packaged specifically for institutions, supported by a 1:1 reserve of Bitcoin. It will go live on Ethereum and on its own chain, Arc, and will integrate USDC. This move is intended to take on competition in the market from products like WBTC and cbBTC, improving the security and transparency of on-chain transactions.
動區BlockTempo·04-03 02:25
