Circle Launches Wrapped Bitcoin Product cirBTC, Offering Tokenized Bitcoin Solutions for Institutional Markets
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Circle Launches Wrapped Bitcoin Product cirBTC, Offering Tokenized Bitcoin Solutions for Institutional Markets
According to Circle’s official website, Circle has announced the upcoming launch of Circle Wrapped Bitcoin (cirBTC), a tokenized Bitcoin product backed 1:1 by native BTC and designed specifically for institutional markets. cirBTC’s reserves can be independently verified in real time on-chain, making it suitable for institutional use cases such as OTC desks, market makers, and lending protocols. The product will initially launch on Ethereum and the Arc platform, with plans to expand to a multi-chain ecosystem in the future. It will integrate seamlessly with Circle’s suite of products—including USDC, Arc, and Circle Mint—to deliver end-to-end services. cirBTC is not yet officially live and remains subject to regulatory approvals.
Navigating Web3 tides with focused insightsTechFlow News: On April 3, according to Circle’s official website, Circle announced the upcoming launch of Circle Wrapped Bitcoin (cirBTC), a tokenized Bitcoin product backed 1:1 by native BTC and designed specifically for institutional markets. cirBTC reserves are independently verifiable on-chain in real time, making the product suitable for institutional use cases such as OTC desks, market makers, and lending protocols. The product will initially launch on Ethereum and the Arc platform, with plans to expand across multiple blockchains in the future. It will integrate seamlessly with Circle’s USDC, Arc, and Circle Mint offerings to deliver end-to-end services. cirBTC has not yet officially launched and remains subject to regulatory approvals.
