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Circle launches cirBTC for institutional-grade Bitcoin collateral in DeFi credit markets

Verifying
  • Circle launched cirBTC as a wrapped Bitcoin product for DeFi lending and borrowing markets.
  • Each cirBTC is backed 1:1 by native BTC held in segregated accounts at Circle National Trust.
  • cirBTC launched on Ethereum and Arc, with multichain deployment planned, according to Circle.
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