Circle, the issuer of the USDC stablecoin, has unveiled cirBTC, a new Bitcoin-backed token designed to bring the world’s largest digital asset into decentralized finance applications – including lending, borrowing, and liquidity protocols – by addressing the trust deficit that has constrained competing wrapped Bitcoin products. The token is set to launch on Ethereum and Circle’s own Arc blockchain, with additional chain integrations expected in the coming months. The announcement marks Circle’s most direct entry into Bitcoin infrastructure to date, extending a product portfolio that previously centered on dollar-denominated stablecoins and tokenized money market instruments. Circle Wrapped Bitcoin is coming