✉news BusinessCrypto first seen 7 h ago, last 58 min ago, peak #12
Circle launches wrapped Bitcoin on Ethereum and Arc
Circle has launched a wrapped Bitcoin product on Ethereum and its Arc blockchain, bringing Bitcoin into its stablecoin-focused ecosystem. The move lets Bitcoin holders use their assets in Ethereum-based decentralised finance applications while Circle expands beyond its USDC stablecoin business. Coverage so far is limited, with the announcement circulating mainly through crypto and finance outlets.
Why now: Circle, the USDC issuer, is expanding into the Bitcoin-backed token market, a notable strategic move for the stablecoin firm.
Evidence
- Circle Launches Wrapped Bitcoin on Ethereum and Arc · Yahoo Finance
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