Circle's cirBTC: Stablecoin Purists Go Rogue on Wrapped Bitcoin
Imagine Circle — USDC's daddy — wrapping your Bitcoin in their shiny new cirBTC. Sounds convenient, until you remember they killed their last Bitcoin experiment.
Imagine Circle — USDC's daddy — wrapping your Bitcoin in their shiny new cirBTC. Sounds convenient, until you remember they killed their last Bitcoin experiment.
Circle is betting its reputation and infrastructure can carve out space in the wrapped Bitcoin market. The question: Is there room for a third player when the top two already control $14 billion?
Circle is launching its own wrapped Bitcoin. That shouldn't surprise you—but the reason it's happening now reveals something much bigger about how institutions actually want to use crypto.