Circle Unveils cirBTC Token to Expand Bitcoin’s Role in DeFi Ecosystem
Circle has introduced cirBTC, a token designed to bring Bitcoin into DeFi ecosystems with 1:1 backing and on-chain verifiability. The offering aims to address trust issues linked to traditional wrapped tokens while enabling lending, liquidity, and yield opportunities. As the rollout progresses, market participants will track adoption and performance across DeFi platforms.
