DeFiBullishCoinDesk · 12h ago7/10
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Circle debuts cirBTC on Ethereum to challenge Coinbase in the wrapped bitcoin market
Circle has launched cirBTC, a 1:1 bitcoin-backed token on Ethereum, enabling bitcoin holders to access DeFi protocols without selling their BTC. The move positions Circle as a competitor to Coinbase's wrapped bitcoin offerings in the growing market for tokenized bitcoin on Layer 1 blockchains.
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