TechCircle CEO says company built ‘the platform for the internet financial system’, but cirBTC has only 40 BTC
Circle launched cirBTC with segregated reserves, a federally supervised custodian and direct minting and redemption, yet its supply stood at just 40.02450077 tokens about 11 weeks after launch. Reserves covered the tokens by about 106.2%, but cirBTC had not developed visible public liquidity or lending activity comparable with WBTC and cbBTC.
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CryptoSlate★★☆☆☆2026-08-30 20:00Original
Circle CEO says company built ‘the platform for the internet financial system’, but cirBTC has only 40 BTC
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