Circle Launches cirBTC on Ethereum with 1:1 Bitcoin Backing for Institutional DeFi
According to Circle, cirBTC has launched on Ethereum, providing institutions with 1:1 bitcoin-backed collateral for decentralized finance markets. The token is backed by native BTC held in Circle custody at a 1:1 ratio, with on-chain reserve transparency enabled through Chainlink's Proof of
GateNews·06-09 03:25
