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Illustration of Circle launching cirBTC wrapped Bitcoin on Ethereum for institutional DeFi collateral.
Image generated by AI

Circle launches cirBTC Wrapped Bitcoin on Ethereum

Reported by AI Image generated by AI

Circle has introduced cirBTC, a new 1:1 Bitcoin-backed token on Ethereum. The product targets institutional users seeking collateral for DeFi activities.

USDC issuer Circle has created Arc, a new layer-1 blockchain built for stablecoin-native finance.

Reported by AI

Circle announced a $222 million presale for its ARC token at a $3 billion valuation alongside first-quarter results. The USDC issuer beat earnings estimates but missed on revenue. Shares rose more than 15 percent on the news.

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