Onchain Blockchain InfrastructureInfrastructure

Circle launches cirBTC and faces centralized issuer criticism

April 4, 2026Cointelegraph, Crypto Rover, ZachXBT

Cointelegraph and Crypto Rover report Circle launching cirBTC as a 1:1 Bitcoin-backed token with onchain-verifiable reserves, while ZachXBT criticizes Circle for failing users and builders as a centralized issuer.

Circle just announced cirBTC, a 1:1 Bitcoin-backed token with onchain-verifiable reserves built to move seamlessly across DeFi.
Circle plans to launch cirBTC, a fully reserved wrapped Bitcoin backed 1:1 and integrated with its USDC ecosystem.
Circle failed users / builders as a centralized issuer and thinks CT will forget about it if no comment is made.
Cointelegraph
Crypto Rover
ZachXBT
crypto walletcustodystablecoins

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