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      Circle Launches cirBTC on Arc Mainnet, Attracts $150 Million in Deposits

      Circle International Bermuda Limited has launched its wrapped Bitcoin token, cirBTC, on the Arc mainnet as of September 21, 2026. This initiative allows Bitcoin holders to utilize their assets within a regulated stablecoin ecosystem without needing to sell any Bitcoin. Each cirBTC token is backed 1:1 by actual Bitcoin held in reserve, ensuring transparency and security for users.

      On its first day, cirBTC attracted over $150 million in lending deposits, primarily through the Morpho lending protocol, which integrated cirBTC as a collateral layer. Aave V4 also quickly established markets for cirBTC, USDC, and EURC on the Arc network, highlighting the immediate demand for this new asset.

      The launch of cirBTC is significant as it provides a compliant and auditable option for institutions seeking Bitcoin exposure in decentralized finance (DeFi). The token operates under the regulatory oversight of the Bermuda Monetary Authority, and its reserves are verified in real-time through Chainlink’s on-chain verification system. This structure aims to facilitate the use of Bitcoin as a productive asset within the Arc ecosystem, rather than merely a store of value.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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