Circle's cirBTC: New Bitcoin Wrapped Token in DeFi
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Circle unveils cirBTC, a wrapped Bitcoin token, aiming to integrate Bitcoin into DeFi on Ethereum and Arc blockchains. Despite competition from BitGos Wrapped Bitcoin and Coinbases cbBTC, Circles trusted setup and stablecoin credibility could disrupt the market. Circles stock, however, has seen a decline, closing at around $90.26, down nearly 40% over the last six months.
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