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Circle’s cirBTC is 106.2% backed but has just 40 BTC outstanding

Verifying
  • Circle launched cirBTC, which now has 40 BTC outstanding.
  • 106.2% backing is reported for cirBTC reserves.
  • WBTC and cbBTC each have roughly 100,000 BTC in circulation.
BTC
WBTC
CBBTC
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