Circle to Launch cirBTC Wrapped Bitcoin for Institutions
Circle announced cirBTC, a new wrapped bitcoin token backed 1:1 by BTC and built for institutional markets, including OTC desks and lending protocols.
Circle announced cirBTC, a new wrapped bitcoin token backed 1:1 by BTC and built for institutional markets, including OTC desks and lending protocols.
Several Big Tech firms have been named as founding members of the x402 Foundation that will govern the Coinbase-built x402 protocol for AI agent payments.
Stablecoin supply reached $315 billion in Q1 as USDC grew and USDT declined, with trading dominance rising and bot-driven activity signaling shifting market dynamics.
Drift Protocol confirmed a $280 million exploit involving Solana’s durable nonce feature as critics questioned Circle’s response to moving USDC funds.
Standard Chartered says stablecoin velocity has doubled in two years amid rising payments and TradFi activity, led by USDC and new AI-related flows.
Bernstein says Coinbase, Robinhood and Figure are around 60% below 2025 highs but poised to benefit from growth in stablecoins, prediction markets and tokenized credit.
Stablecoins face regulatory pressure as institutions advance adoption, prediction markets tighten rules and AI agents unlock new micropayment models.
Euro stablecoins and Circle’s EURC are dominating non-dollar markets as European businesses slowly take note of stablecoin payments.
Bernstein keeps its $190 price target for Circle stock while Bitwise predicts the company's worth to grow 200% to $75 billion by 2030.
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