Circle Launches cirBTC On Ethereum As New 1:1 Bitcoin-Backed DeFi Asset
Circle has launched cirBTC on Ethereum, giving the stablecoin issuer a direct entry into the wrapped Bitcoin market and organising a brand new problem to current BTC-backed DeFi property. TL;DR cirBTC is stay on Ethereum and backed 1:1 by Bitcoin. Circle says the asset makes use of segregated custody and Chainlink Proof of Reserve. The…
