✉news BusinessCrypto first seen 1 d ago, last 10 h ago, peak #12
Circle Launches Wrapped Bitcoin on Ethereum and Arc
Circle, the issuer of USDC stablecoin, has launched a wrapped Bitcoin product available on Ethereum and on Arc, its own blockchain network. The offering lets users use Bitcoin as collateral or a transferable asset within Circle's ecosystem of dollar-based financial infrastructure. Details on rollout, backing and adoption remain limited in early coverage.
Why now: Circle expanding beyond stablecoins into Bitcoin-backed assets is a notable development for crypto markets.
Evidence
- Circle Launches Wrapped Bitcoin on Ethereum and Arc · Yahoo Finance
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