Circle, an USDC blockchain issuer, announced the launch of a «revolved» version of Bitcoin called cirBTC.

The new token will be fully powered by real Bitcoin at a ratio of 1:1. Its primary goal is to expand the first cryptocurrency’s functionality, making it more user-friendly for DeFi, credit protocols, and over-the-counter platforms. In the first stage, cirBTC will be launched on the Arc blockchain (its own Circle network) and Ethereum.

The issuer has already opened a registration on the waiting list. The company emphasizes that cirBTC is focused on institutional players, marketers and anyone who wants a safe and high-performance tokenized bitcoin. This is one of the few Circle products not associated with stablecoins.

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