#WrappedBitcoin

cirBTC Holds Just 40 BTC as WBTC Nears 116,000

9d ago

cirBTC Holds Just 40 BTC as WBTC Nears 116,000

The institutional plumbing is built. The market isn't there. WBTC and cbBTC sit at 116K and 98K BTC respectively, exposing a 2,900x scale gap no trust charter alone can close.

CryptoSlate

Circle Targets Bank-Grade Wrapped Bitcoin for USDC Collateral

🔥BULLISH

91d ago

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.

CryptoSlate

Circle unveils cirBTC on Ethereum, targets institutional DeFi liquidity

🔥BULLISH

91d ago

Circle unveils cirBTC on Ethereum, targets institutional DeFi liquidity

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.