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September 26, 2026 1:59 am
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Circle said on X that issuance of its wrapped Bitcoin token cirBTC has surpassed 5,000. Crypto Briefing said the figure had surged from about 40 in mid-August, indicating growing institutional demand for a regulated DeFi Bitcoin investment vehicle. Users can post cirBTC as collateral to borrow USDC without selling Bitcoin. Circle offers cirBTC on the Ethereum mainnet and its own blockchain, Arc.