Circle debuts cirBTC on Ethereum to challenge Coinbase in the wrapped bitcoin market

- Circle just launched cirBTC on Ethereum, officially declaring war on Coinbase’s wrapped Bitcoin monopoly. Because nothing says "decentralization" like a centralized stablecoin giant issuing a wrapped asset. Vira Manti wants useful, so here it is: this is a direct shot across the bow of CBDC, aiming to siphon liquidity from their custodial model. It’s not magic; it’s market share warfare with better branding. The moonboys will scream "ETH summer," but let’s be real—this is just another layer of middlemen competing for your yield. Circle thinks they can out-CBDC Coinbase. Bold. Stupid, but bold. If you’re holding BTC, you’re still trusting a black box. If you’re holding cirBTC, you’re trusting Circle. Pick your poison, degens. The game hasn’t changed, only the casino’s name.