{"id":98154,"date":"2026-06-09T12:56:49","date_gmt":"2026-06-09T09:56:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=98154"},"modified":"2026-06-09T13:00:15","modified_gmt":"2026-06-09T10:00:15","slug":"circle-introduces-wrapped-bitcoin-on-ethereum-network","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/circle-introduces-wrapped-bitcoin-on-ethereum-network\/","title":{"rendered":"Circle Introduces Wrapped Bitcoin on Ethereum Network"},"content":{"rendered":"<p>Circle has launched a <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-wrapped-token\">wrapped<\/a> Bitcoin, cirBTC, on the Ethereum network with a 1:1 backing.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">cirBTC is live on <a href=\"https:\/\/x.com\/ethereum?ref_src=twsrc%5Etfw\">@ethereum<\/a>.<\/p>\n<p>Circle helped establish the institutional standard for dollar collateral with USDC.<\/p>\n<p>Now cirBTC brings that same approach to Bitcoin, bringing 1:1 BTC-backed collateral to institutional DeFi markets with neutrality, transparency, and Circle\u2026<\/p>\n<p>\u2014 Circle (@circle) <a href=\"https:\/\/x.com\/circle\/status\/2064024623931678882?ref_src=twsrc%5Etfw\">June 8, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company positions cirBTC as an asset for institutional scenarios such as DeFi, OTC operations, market making, treasury transfers, and settlements.<\/p>\n<p>According to the press release, the underlying asset is held by a regulated Circle entity and is separate from corporate funds. The issuance and redemption of the token are conducted through Circle Mint.<\/p>\n<p>The coin is issued by Circle International Bermuda Limited, which holds a Class F license in the Bermuda jurisdiction.<\/p>\n<p>Reserve transparency is confirmed through Chainlink Proof-of-Reserve.<\/p>\n<p>In its blog, Circle described the Ethereum blockchain as a &#8220;suitable starting point.&#8221; Future plans include integrating cirBTC with the <a href=\"https:\/\/forklog.com\/en\/news\/circle-launches-arc-blockchain-testnet\">Arc solution<\/a> and expanding into a multichain environment.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The principle of neutrality is simple: the incentive for the issuer should be widespread adoption, not redirecting activity to a preferred trading platform,&#8221; the company emphasized.<\/p>\n<\/blockquote>\n<p>In May, Circle <a href=\"https:\/\/forklog.com\/en\/news\/circle-raises-222-million-through-arc-token-sale\">raised<\/a> $222 million through the sale of ARC tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle has launched a wrapped Bitcoin, cirBTC, on the Ethereum network with a 1:1 backing.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Circle launches wrapped Bitcoin, cirBTC, on Ethereum with 1:1 backing.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,596],"class_list":["post-98154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"Circle launches wrapped Bitcoin, cirBTC, on Ethereum with 1:1 backing.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/98154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=98154"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/98154\/revisions"}],"predecessor-version":[{"id":98155,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/98154\/revisions\/98155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=98154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=98154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=98154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}