Circle Targets Bank-Grade Wrapped Bitcoin for USDC Collateral
The shift reframes wBTC from a DeFi utility into a piece of regulated collateral infrastructure — and pulls the network deeper into a quiet rivalry with Coinbase's own stack.
Every Zipp story tagged #WrappedBitcoin, newest first.
The shift reframes wBTC from a DeFi utility into a piece of regulated collateral infrastructure — and pulls the network deeper into a quiet rivalry with Coinbase's own stack.
The $13B synthetic BTC market is a small slice of bitcoin's $1.25T float, but Circle is pitching institutional trust built on USDC's $75B footprint — directly at Coinbase's cbBTC.