Cryptopedia - Circle Wrapped Bitcoin
Circle Wrapped Bitcoin (cirBTC) is built to unlock utility for institutional markets. Each cirBTC is backed 1:1 by native BTC, with reserves that are readily and independently verifiable onchain. The asset aims to integrate seamlessly into Circle’s existing infrastructure and the broader DeFi ecosystem.
cirBTC is designed to offer institutions a highly secure and neutral form of wrapped BTC.
- Secure and transparent: Every cirBTC maintains a 1:1 backing by native BTC, ensuring reserves are readily and independently verifiable onchain.
- Proven credibility: cirBTC is designed with the same foundations as USDC and EURC, covering everything from asset issuance to making it liquid, trusted, and usable globally.
- Full-stack flexibility: cirBTC will integrate seamlessly with USDC, Arc, and Circle Mint to provide a single Circle-native end-to-end stack.
