Circle wants wrapped Bitcoin to look bank grade before institutions trust it as collateral
Circle has launched cirBTC on Ethereum, but the larger play is to make wrapped Bitcoin look like collateral infrastructure institutions can route through DeFi, OTC desks, lending markets, treasury systems, market makers, and settlement flows. cirBTC is live on Ethereum and backed 1:1 by native BTC, according to Circle’s launch materials. The company says the...
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