Tag Archives: cirBTC

Circle Launches cirBTC On Ethereum As New 1:1 Bitcoin-Backed DeFi Asset

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Circle has launched cirBTC on Ethereum, giving the stablecoin issuer a direct entry into the wrapped Bitcoin market and setting up a new challenge to existing BTC-backed DeFi assets. TL;DR cirBTC is live on Ethereum and backed 1:1 by Bitcoin. Circle says the asset uses segregated custody and Chainlink Proof of Reserve. The product is… Continue reading Circle Launches cirBTC On Ethereum As New 1:1 Bitcoin-Backed DeFi Asset→

Aave Proposal Moves To Add Circle Wrapped Bitcoin As Collateral

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TL;DR Aave Labs has proposed onboarding Circle Wrapped Bitcoin, or cirBTC, to Aave V3 Core and Aave V4 Core on Ethereum. The proposal says cirBTC is an ERC-20 token backed 1:1 by Bitcoin custodied at a regulated Circle entity. The move is still at the ARFC stage, meaning it needs community feedback, a Snapshot vote… Continue reading Aave Proposal Moves To Add Circle Wrapped Bitcoin As Collateral→