Circle nag-launch ng cirBTC, Bitcoin-backed token sa Ethereum
Nag-announce si Circle ng cirBTC, isang wrapped Bitcoin token na gumagamit ng regulated stablecoin approach ng kumpanya para sa Bitcoin. Nag-enable ang token ng real-time on-chain verification ng reserves, addressing trust gaps sa existing wrapped Bitcoin products na umaasa sa opaque custodians.
Key Takeaway
Dinala ni Circle ang regulated stablecoin playbook nila sa Bitcoin, targeting DeFi with verifiable reserves unlike opaque competitors.
Nag-announce si Circle ng cirBTC, isang wrapped Bitcoin token na nag-maintain ng 1:1 peg sa native Bitcoin, using the same reserve model na ginagamit ng Circle para sa USDC at EURC. Target ng token na dalhin ang ₱102.89 trilyon ($1.7 trilyon) worth ng Bitcoin na currently sitting outside ng DeFi ecosystem papunta sa Ethereum-based applications.
Bina-back ng USBC ang bawat token with cash and short-term U.S. Treasuries sa 1:1 ratio, while EURC naman ay naka-peg 1:1 sa euro. Nag-publish si Circle ng monthly reserve attestations para sa USDC through a Big Four accounting firm.
May hawak si Circle ng money-transmitter licenses sa karamihan ng U.S. states, New York BitLicense, Major Payment Institution license sa Singapore, at EU e-money license under MiCA regulation. Nag-launch ang kumpanya ng USDC noong September 2018 as an ERC-20 token sa Ethereum through the Centre Consortium, joint venture nila with Coinbase. Nag-expand na ang USDC beyond Ethereum to Solana, Arbitrum, Optimism, Avalanche, Base, at Stellar blockchains.
Tina-target ng cirBTC launch ang trust gaps sa existing wrapped Bitcoin products na umaasa sa opaque third-party custodians. Nag-enable ang Circle version ng real-time on-chain verification ng Bitcoin reserves, bringing the same transparency standards na ini-apply ng kumpanya sa stablecoin products nila.
Nag-face ang stablecoin business ni Circle ng crisis last March 2023 when ₱199.73 bilyon ($3.3 bilyon) ng USDC reserves held at Silicon Valley Bank caused brief de-peg below ₱61 ($1). Lumiit ang USDC market cap ng ₱605.24 bilyon ($10 bilyon) during that period while Tether grew by ₱544.72 bilyon ($9 bilyon) as capital shifted between the two largest stablecoins. Nag-operate din si Circle ng USYC, tokenized money market fund para sa institutional investors, with no specific launch date announced for cirBTC as of April 2026.
ℹ️ Article Details
- Source: U.today RSS Main
- Original URL: https://u.today/usdc-maker-finally-launching-wrapped-bitcoin-token
- Reading Time: 3 minutes
- Category: market-analysis
- Tickers: BTC, ETH
- Key Takeaway: Circle brings regulated stablecoin playbook to Bitcoin, targeting DeFi with verifiable reserves unlike opaque competitors.
- Slug: circle-launches-cirbtc-bitcoin-backed-token-ethereum
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