Circle Launches cirBTC on Ethereum to Unlock Institutional Bitcoin in DeFi
cirBTC aims to capture the massive pool of dormant Bitcoin liquidity currently sidelined from decentralized finance.
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, used to power transactions and operations across the network. It functions as “gas,” meaning it pays for transaction fees and computational work required to execute smart contracts and decentralized applications. Beyond its utility role, Ether is also widely traded as a digital asset and investment. Its value is closely tied to activity on the Ethereum network, including DeFi, NFTs, and Web3 applications. As Ethereum evolves, Ether remains central to securing and operating the entire ecosystem.
cirBTC aims to capture the massive pool of dormant Bitcoin liquidity currently sidelined from decentralized finance.
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