TechFlow 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.
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