Circle's CirBTC Surpasses 5,000 Tokens Amid Growing Demand

Circle's entry into the wrapped Bitcoin market has been met with enthusiasm from investors. CirBTC, launched on June 8, 2026, is a token backed by one native Bitcoin held in custody by Circle National Trust, a federally chartered trust bank.

The token's growth has been rapid, increasing from around 40 tokens in mid-August to over 5,000 by late 2026. This represents a supply increase of more than 100x in just a few months.

CirBTC is designed for institutional investors who want to participate in DeFi strategies without having to sell their underlying Bitcoin position. The token can be used as collateral for borrowing USDC, and Circle's integration with the popular stablecoin is seen as a major advantage.