# cirBTC

#CircleToLaunchCirBTC
$1.7 trillion in Bitcoin is currently sitting on the sidelines of the digital economy. The reason isn't a lack of appetite for yield; it’s a fundamental crisis of trust in the "wrappers" that bridge BTC to other networks.
Circle’s announcement of **cirBTC**—a 1:1 Bitcoin-backed token—is a calculated strike at the heart of the current DeFi hierarchy. By leveraging the same regulatory and reserve-verification framework that scaled USDC to $75B+, Circle is positioning itself to become the primary custodian for institutional Bitcoin liquidity. This isn't just another wrapped

#CircleToLaunchCirBTC
#CircleToLaunchCirBTC
Circle is on the verge of launching CirBTC – a fully reserved, programmatic Bitcoin token designed to bring native BTC liquidity into DeFi without the trust assumptions of traditional bridges or wrapped assets. Below is every known detail, technical mechanism, market implication, and competitive advantage, with zero gaps.
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1. What Is CirBTC?
CirBTC is an ERC‑20 / SPL / any‑chain compatible token issued by Circle Internet Financial, the same regulated entity behind USDC ($56B+ circulation). Each CirBTC represents 1 Bitcoin held in Circle’s custody