BitGo has replaced LayerZero with Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive cross-chain provider for Wrapped Bitcoin (WBTC), bringing the total value of assets migrating from LayerZero to Chainlink to approximately $14.6-15 billion following recent security concerns.
Stablecoin issuer Circle announced plans to launch cirBTC, a 1:1 Bitcoin-backed token on Ethereum aimed at institutional users seeking DeFi market access. The move positions Circle to compete with existing wrapped Bitcoin providers BitGo and Coinbase.
A New Hampshire state authority received a provisional Ba2 (speculative-grade) rating from Moody's for a first-of-its-kind bitcoin-backed municipal bond. BitGo will serve as custodian and liquidation agent, marking an early test of crypto as collateral in traditional public finance markets.
