CEO Jeremy Allaire says Circle built “the platform for the internet financial system”, but cirBTC has only 40 BTC
Circle's wrapped Bitcoin was overcollateralized at its Aug. 27 snapshot, yet WBTC and cbBTC remain thousands of times larger as Arc becomes the next distribution test. The post CEO Jeremy Allaire says Circle built “the platform for the internet financial system”, but cirBTC has only 40 BTC appeared first on CryptoSlate.
Key Takeaways
- Circle's wrapped Bitcoin was overcollateralized at its Aug.
- 27 snapshot, yet WBTC and cbBTC remain thousands of times larger as Arc becomes the next distribution test.
- The post CEO Jeremy Allaire says Circle built “the platform for the internet financial system”, but cirBTC has only 40 BTC appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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