Circle's cirBTC surpasses 5,000 issued tokens
- —cirBTC supply grew from about 40 tokens in mid-August to over 5,000
- —As of September 24, 2026, circulating supply was ~4,300.68 tokens against ~4,448.19 BTC in reserves
- —Backing is held by Circle National Trust, a federally chartered trust bank
- —The token is live on Ethereum and Arc, with minting and redemption via Circle Mint
Why it matters: Circle is entering the wrapped Bitcoin market dominated by wBTC and cbBTC, betting on regulated custody and USDC integration to win institutional users.
Source: Crypto Briefing