Gate News message. April 3, Circle announced that it will soon launch Circle Wrapped Bitcoin (cirBTC), a tokenized Bitcoin product that is 1:1 backed by native BTC, designed specifically for the institutional market. The reserves for cirBTC can be independently verified in real time on-chain, and it is suitable for institutional scenarios such as OTC trading desks, market makers, and lending protocols. The product will first launch on Ethereum and the Arc platform, and in the future plans to expand to multi-chain ecosystems. It will also seamlessly integrate with Circle’s USDC, Arc, and Circle Mint to provide a complete end-to-end service. Currently, cirBTC has not been officially launched; it will need to wait for the relevant regulatory approvals to be completed.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Liquidation Alert: $715M Short Squeeze at $80,974, $715M Long Liquidation at $74,180
Gate News message, April 25 — According to Coinglass data, if Bitcoin surpasses $80,974, cumulative short liquidations across major centralized exchanges would reach $715 million.
Conversely, if BTC drops below $74,180, cumulative long liquidations across major CEXs would hit $715 million.
GateNews12m ago
GSR Debuts BESO ETF With Bitcoin, Ethereum, Solana
GSR debuts BESO ETF with active strategy, adjusting Bitcoin, Ether, and Solana allocations weekly to outperform benchmarks.
ETF records nearly $5M in first-day volume, signaling early investor interest in diversified crypto investment products.
Launch aligns with growing ETF momentum as
CryptoFrontNews5h ago
Iranian situation latest update: Control over the Strait of Hormuz is upgraded, and Bitcoin is consolidating around $77,000
On April 25, Iran once again escalated its Strait of Hormuz control measures. Bitcoin hovered around $77,500, gold was $4,709, and Brent crude was above $106. With fresh geopolitical turmoil, how will the three major assets move in tandem?
GateInstantTrends5h ago
Drivechain Architect Paul Sztorc Unveils August Bitcoin Hard Fork With 1:1 BTC Coin Split
Bitcoin developer and Drivechain architect Paul Sztorc announced a new Bitcoin hard fork called eCash, set to launch this August, giving every BTC holder an equal number of eCash coins at the time of the split.
Key Takeaways:
Paul Sztorc announced eCash, a new Bitcoin hard fork dropping in Augus
Coinpedia5h ago
Hashrate Index: Brazil and Venezuela Show Potential to Grow Latam's Bitcoin Mining Share
A new report on the state of bitcoin mining in Latam found that the region is lagging in bitcoin mining adoption, even as it holds vast energy resources. While Paraguay holds the fourth place in global hashrate, Hashrate Index picked Brazil and Venezuela as the nations to follow.
Key Takeaways:
A
Coinpedia7h ago
