Circle Just Launched cirBTC: ‘Wrapped Bitcoin’ on Ethereum Bullish for BTC?
Circle, the regulated financial infrastructure company behind USDC, launched cirBTC on Ethereum on June 8, 2026, adding a new 1:1 BTC-backed wrapped Bitcoin token to a market already anchored by WBTC at roughly $8Bn in market capitalization and Coinbase’s cbBTC at approximately $5.9Bn. Each cirBTC token is backed by native Bitcoin held in segregated, regulated…
