Circle Enters Wrapped Bitcoin Race With cirBTC to Challenge BitGo and Coinbase
Circle plans to launch cirBTC, a 1:1 Bitcoin-backed token on Ethereum, as it targets institutional over-the-counter desks and lending protocols.
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Gulendam Kaya is a financial writer and crypto market analyst based in Remagen, Germany. She has followed cryptocurrency markets since 2019, with a focus on Bitcoin price cycles, macroeconomic indicators, and on-chain data interpretation. Her analytical approach combines technical chart reading with broader market sentiment analysis, drawing on her background in tracking digital asset trends across multiple market cycles including the 2020 bull run, the 2022 bear market, and the institutional adoption wave of 2024. At CoinMindAI, she covers daily Bitcoin and altcoin price analysis, translating complex market signals into clear, actionable context for readers.
Circle plans to launch cirBTC, a 1:1 Bitcoin-backed token on Ethereum, as it targets institutional over-the-counter desks and lending protocols.
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